Bitcoin hitting a historic high is only a matter of time. The head and shoulders pattern indicates that Bitcoin will soon rebound to $83,000, with the resistance line likely to be breached in the coming days. The ideal timing for this breakthrough is today (Friday, June 7th) or next week (Wednesday, June 12th). Days ago, we pointed out that a global central bank easing cycle is about to begin, confirmed this week by rate cuts in Canada, Denmark, and Europe. With weakening US economic growth, employment, and consumer spending, inflation slowdown is imminent. Despite the Federal Reserve lowering interest rates only once in the May to November period before a US presidential election in the past 30 years, risk assets primarily hinge on market expectations of rate cuts rather than actual cuts.
10x Research Bitcoin Expected to Rebound to 83000 Soon Resistance Likely to be Broken in the Coming Days
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