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[Bitcoin Rallies as Gold Retreat Spurs Renewed Risk Appetite Ahead of Fed Decision]
🤖 Gold's eight-week rally ended as investors shifted from safe havens to risk assets ahead of the Fed's meeting. Bitcoin rebounded by 5%, reclaiming the $113,500 level and signaling a potential crypto catch-up phase. Market participants are now preparing for a likely 25 basis point rate cut by the Fed, which could propel Bitcoin toward the $118K–$123K range.
Q. Which technical indicator mentioned in the article signaled that Bitcoin was in an oversold condition?
â‘ Bollinger Bands
â‘¡ The 14-day Relative Strength Index (RSI) of the BTC/gold ratio
â‘¢ The 50-day moving average
â‘£ The MACD crossover
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