Analyst: Bitcoin will accelerate its rise after breaking through the resistance level of $65,200

ChainCatcher news, according to CoinDesk, due to the Federal Reserve's decision to cut the federal funds rate by 50 basis points a week ago, the debate over whether this rate cut represents a normalization of overly tight monetary policy aimed at curbing inflation or a preparation for an impending economic downturn has intensified.

Risk assets, including Bitcoin and altcoins, rebounded after the Federal Reserve's decision, indicating that the market views this rate cut as a normalization measure. Some analysts predict that once Bitcoin breaks through the resistance level of $65,200, it will accelerate its rise.