BTC chips off the table around 115-123K?

Snapshot Thursday

Dear Subscribers,

Happy Snapshot Thursday!

First published in our Telegram Group, Swissblock’s Henrik Zeberg shares his weekly insights on crypto and macro price action. Make sure to join the channel for the most direct access to this resource:

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The lows of August at $49k have marked the bottom, and now, with the 50 bps rate cut by the Fed and after breaking through the resistance at $61k, Bitcoin is poised for a strong rally. According to Henrik, the beginning of rate cuts and historical parallels support the idea that Bitcoin is ready for a meteoric rise in the coming weeks—faster, stronger, in true Bitcoin-style! But be careful, don’t let this rise blind you to the right moment to take profits!

Now, let’s get ahead of the curve and jump into Snapshot Thursday: