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Bitcoin price may reverse soon after the Federal Reserve’s rate decision

Record growth in Bitcoin’s price: On December 17, 2024, Bitcoin’s price surged to 108,000 USD, achieving a remarkable 150% increase during the year. This growth is due to rising demand amid supply slowdowns from increased mining difficulties.

Impact of Federal Reserve’s decision: As the Federal Reserve discusses a potential 0.25% interest rate cut, Bitcoin could benefit from increased investment. However, if inflation concerns arise, Bitcoin’s growth may be challenged, especially with technical indicators suggesting a price reversal.

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