BTC Price Forecast: Fed Rate Cut Bets Fuel Demand Ahead of Consumer Sentiment Report
==========
Bitcoin rebounds by 1.43% to $58,500 on September 12, 2024; U.S. jobless claims rise to 230k, increasing Fed rate cut expectations; BTC-spot ETFs see $39 million inflows, excluding iShares Bitcoin ETF; Michigan Consumer Sentiment Index expected to rise from 67.9 to 68.0 on September 13; a stronger sentiment could dampen rate cut expectations; BTC remains below 50-day and 200-day EMAs; potential resistance at $60,365; support at $52,884; Ethereum and XRP also analyzed.
#Bitcoin #FedRateCut #ConsumerSentiment #Etfs #MarketAnalysis #Cryptocurrency #Inflation #EconomicData #Investing #Finance
https://www.fxempire.com/forecasts/article/btc-price-forecast-fed-rate-cut-bets-fuel-demand-ahead-of-consumer-sentiment-report-1460784
FX Empire /
npub1lj…9zjdc
2024-09-13 04:05:38
Author Public Key
npub1ljmz9hjq6kkwm5ltqfc6dpw9ytalhtnf7sgp4r75dqvtsq2wz9sqp9zjdcSeen on
wss://relay.damus.ioPublished at
2024-09-13 04:05:38Event JSON
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"content": "BTC Price Forecast: Fed Rate Cut Bets Fuel Demand Ahead of Consumer Sentiment Report\n==========\n\nBitcoin rebounds by 1.43% to $58,500 on September 12, 2024; U.S. jobless claims rise to 230k, increasing Fed rate cut expectations; BTC-spot ETFs see $39 million inflows, excluding iShares Bitcoin ETF; Michigan Consumer Sentiment Index expected to rise from 67.9 to 68.0 on September 13; a stronger sentiment could dampen rate cut expectations; BTC remains below 50-day and 200-day EMAs; potential resistance at $60,365; support at $52,884; Ethereum and XRP also analyzed.\n\n#Bitcoin #FedRateCut #ConsumerSentiment #Etfs #MarketAnalysis #Cryptocurrency #Inflation #EconomicData #Investing #Finance\n\nhttps://www.fxempire.com/forecasts/article/btc-price-forecast-fed-rate-cut-bets-fuel-demand-ahead-of-consumer-sentiment-report-1460784",
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