Bitcoin Price Surges After Fed Rate Cut: New Rally Ahead?

Bitcoin price started another increase above the $60,500 resistance. The Fed reduced rates by 0.50%, sparking a bullish wave in BTC toward $62,500. Bitcoin is gaining pace above the $60,200 resistance zone. The price is trading above $60,500 and the 100 hourly Simple moving average. There was a break above a short-term declining channel with resistance at $60,000 on the hourly chart of the... source: https://www.newsbtc.com/analysis/btc/bitcoin-price-surges-fed-rate-cut/