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Deribit Analyst: Bitcoin May Be About to Break Through $61,800 Supply Zone After Multiple Tests

Deribit analyst Anand Raj released a report saying that the Federal Reserve may cut interest rates in September, which was hinted at by the meeting notes of the July meeting. At the same time, the inflow of funds into the US Bitcoin ETF increased, while the key $61,800 supply area may soon be breached after multiple tests. From a technical perspective, the key $61,800 supply area has been tested several times, and no significant pullback has been observed following these tests.

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2024-08-22 11:06:46
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