Bitcoin Avg Profitability Index Hits 200% – Active Profit-Taking On The Horizon?

Quick Summary:

Following the Federal Reserve’s decision to cut interest rates in September, Bitcoin has been volatile yet predominantly bullish.

Analysts and investors are now waiting patiently for the next leg up, as BTC recently stopped at the $69,400 mark and is finding strong support around $66,000.

The next few trading sessions are crucial for gauging market sentiment and investor behavior as traders weigh their options amid ongoing volatility.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Bitcoin Bitcoin technical analysis BTCUSDT Bitcoin Profit-Taking Volume Bitcoin ATH Bitcoin profitability Btc Bitcoin profit-taking Bitcoin price Bitcoin news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 01:00:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

Sentences: 49 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23219040

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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