Bitcoin experienced a 1.5% decrease in price sparked by worries about future Federal Reserve rate cuts in 2025, especially after December’s nonfarm payrolls surpassed projections. This data emphasized a strong labor market, making substantial rate reductions less likely and impacting prospects for liquidity inflows into the cryptocurrency market, including Bitcoin.
Traders are encouraged to adopt a long-term perspective amidst Bitcoin’s price volatility. Although recent market activities show price stabilization around crucial support levels like 88,000 USD, there’s potential for a price reversal pattern as indicators like relative strength index suggest a bullish divergence for Bitcoin on long-term charts.
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