Rally

Bitcoin

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-past-60000-will-the-rally-continue/" data-wpel-link="internal">Bitcoin Surges Past $60,000: Will the Rally Continue?</a> 
Bitcoin (BTC) price has surpassed $60,000 again, reaching $60,400 at the time of writing. While this news is positive for altcoins, we have previously witnessed similar movements that reversed quickly before the Fed’s interest rate decision. What do experts say? Will Bitcoin’s rise continue? 
<h2 style="text-align: justify" id="cryptocurrencies-on-the-rise">Cryptocurrencies on the Rise</h2> 
BTC price increase has led altcoins to rise by 3%. Assets like <a href="https://en.coin-turk.com/dogecoin-doge-on-chain-data-and-price-analysis/" data-wpel-link="internal">DOGE</a>, ETH, and <a href="https://en.coin-turk.com/shiba-inu-shib-core-team-continues-to-release-updates-to-showcase-the-future-of-shibarium/" data-wpel-link="internal">SHIB</a> have turned green once more. Expectations of a 50 basis point cut from the Fed are triggering short-term fluctuations. Predictions for the three-year interest rate roadmap, to be announced on Wednesday, will be crucial for medium-term performance. The S&amp;P 500 reached a new all-time high today at 5,699. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-389694 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/BTCUSDT_2024-09-17_17-28-46.png" alt="" width="1815" height="836"> 
For the leading <a href="https://en.coin-turk.com/investors-caught-off-guard-by-fake-sec-bitcoin-etf-approval-announcement/" data-wpel-link="internal">cryptocurrency</a>, critical levels to watch are $61,700, and with closures above this, bulls may target $63,000. Investors should remain alert as selling pressure from the peak in U.S. markets may reverse trends in crypto. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-389695 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/btc-yukselis-analist-yorumu-scaled.jpg" alt="" width="2560" height="1918"> 
An analyst known as AskCryptoWealth shared the above graph, highlighting the volatility risk in the short term. The analyst aims for $66,342, hoping that the rally will accelerate beyond this point. 
Economists are focusing on the messages about the health of the U.S. economy ahead of Wednesday’s impending interest rate decision. 
The post <a href="https://en.coin-turk.com/bitcoin-surges-past-60000-will-the-rally-continue/" data-wpel-link="internal">Bitcoin Surges Past $60,000: Will the Rally Continue?</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Surges Past $60,000: Will the Rally Continue?

Table of Contents

COINTURK NEWS

Other articles published on Sep 17, 2024

Bitcoin (BTC) Soared to 3-Week Peak Above $61K Ahead of FOMC Meeting

Binance and Upbit Make Announcements for 4 Altcoins: Delisting and Suspension!

3 Undervalued Stocks Worth Buying in September 2024

MicroStrategy’s Bitcoin Bet Continues: $700M Debt Offering for More BTC

COTI Launches L2 Testnet with Support from MyEtherWallet and AnChain

Daddy Elon Solana Memecoin Will Explode 19,000% Before Exchange Listing, As SHIB and DOGE Lag

Join our free newsletter for daily crypto updates!