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Analyst: Market Volatility Surges as Fed Rate Cut Approaches, Showing Typical Pre-Breakout Accumulation Pattern
Summary: According to CryptoQuant analyst Axel, market expectations for a 25 basis point rate cut by the Fed have led to a surge in volatility to 54%. Bitcoin is currently hovering around $113,000, maintaining support at the seven-day volume-weighted average price. Despite the increase in volatility, the overall bullish structure remains unchanged. The current technical pattern ...
According to CryptoQuant analyst Axel, market expectations for a 25 basis point rate cut by the Fed have led to a surge in volatility to 54%. Bitcoin is currently hovering around $113,000, maintaining support at the seven-day volume-weighted average price. Despite the increase in volatility, the overall bullish structure remains unchanged. The current technical pattern indicates a typical pre-breakout accumulation phase.
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Link: Analyst: Market Volatility Surges as Fed Rate Cut Approaches, Showing Typical Pre-Breakout Accumulation Pattern [Copy]
