Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 446
    NewsCryptoMarketSponsored Article

    Pepe Price Prediction: Can It Hit $0.000018 in 2025? MoonBull Whitelist Could Be the New Meme Coin Jackpot – Join Now

    The crypto world never sleeps, and meme coins have been the life…

    By
    Benedikt Krüger
    September 18, 2025
    CME to Launch Solana and XRP Options in October Pending Approval
    NewsCryptoMarket
    CME to Launch Solana and XRP Options in October Pending Approval
    September 18, 2025
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    NewsCryptoMarket
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    September 18, 2025
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    MarketCryptoEthereumNews
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    September 18, 2025
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    NewsCryptoMarket
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    September 18, 2025
  • Cryptocurrency
    image 446
    Pepe Price Prediction: Can It Hit $0.000018 in 2025? MoonBull Whitelist Could Be the New Meme Coin Jackpot – Join Now
    12 Min Read
    CME to Launch Solana and XRP Options in October Pending Approval
    CME to Launch Solana and XRP Options in October Pending Approval
    7 Min Read
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    8 Min Read
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    7 Min Read
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    8 Min Read
    Ethereum Staking
    Vitalik Defends Ethereum Staking Queue Amid Growing Concerns
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Bitcoin Faces New Challenges as It Approaches $64,000 Resistance Level
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Bitcoin Faces New Challenges as It Approaches $64,000 Resistance Level
News

Bitcoin Faces New Challenges as It Approaches $64,000 Resistance Level

showing Bitcoin approaching the 64000 resistance level with volatility. The Bitcoin logo should be prominent with a stock market char
Milena Volodina
Last updated: September 20, 2024 9:08 am
By
Milena Volodina
Published September 20, 2024
3 Min Read
Share

As Bitcoin struggles to break the critical $64,000 resistance level, the cryptocurrency is facing high volatility. The Federal Reserve’s decision to cut interest rates by 50 basis points has contributed to a more than 10% rise in BTC prices over the past week. In March 2024, Bitcoin reached an all-time high of $73,000 and is now revisiting the $64,000 level, triggering renewed investor interest.

Contents
  • The Impact of the Federal Reserve’s Rate Cut on Bitcoin
  • Growing Investor Interest in Bitcoin and Gold
  • Analysis and Outlook for Bitcoin
  • Options Market Shows Continued Optimism

The Impact of the Federal Reserve’s Rate Cut on Bitcoin

The Federal Reserve’s recent 50 basis point interest rate cut has had a significant impact on the cryptocurrency market. This shift in monetary policy contributed to Bitcoin’s price increase, with BTC rising by over 10% in the past seven days. Lower interest rates create a more attractive environment for investors to explore alternative assets like Bitcoin and gold, which are often seen as hedges against inflation and economic instability.

Growing Investor Interest in Bitcoin and Gold

According to Jim Iuorio, Managing Director at TJM Institutional Services, declining interest rates are boosting investor confidence in assets like Bitcoin and gold. Iuorio stated, “Assets like Bitcoin and gold perform better in low-interest-rate environments, which are generally seen as more favorable than periods of high rates.” He also noted that under current economic conditions, these assets are likely to see stronger performance, especially as inflationary pressures reemerge.

representing Bitcoin approaching the 64000 resistance level. Show the Bitcoin logo prominently with a stock market chart reflecting ri

Analysis and Outlook for Bitcoin

Crypto analyst Bob Loukas suggested that Bitcoin’s bull run may be nearing a more challenging phase. Based on Bitcoin’s daily cycle model, Loukas believes that Bitcoin will soon face greater obstacles in maintaining its upward momentum. “Bitcoin will need to fight harder to secure gains,” he said, indicating that the market may face increased resistance and volatility in the coming days.

Options Market Shows Continued Optimism

Despite the anticipated challenges, the overall sentiment among options traders remains optimistic. Data from Deribit shows a strong interest in Bitcoin options with a strike price of $70,000 expiring on October 25. These options, worth a total of $130 million, reflect a solid belief among investors that Bitcoin could surpass this price in the near future. This optimism in the options market highlights a broader confidence in Bitcoin’s long-term appeal and growth potential.

In conclusion, Bitcoin’s current price surge and efforts to break the $64,000 resistance level are being strongly influenced by the Federal Reserve’s recent rate cut. While lower interest rates are driving increased interest in Bitcoin and other alternative assets, experts warn that Bitcoin could face more difficulties in maintaining its bullish momentum. However, the optimism in the options market underscores continued confidence in Bitcoin’s long-term potential, setting the stage for an intriguing period for both investors and market analysts.

Bitcoin resistance, Federal Reserve rate cut, Jim Iuorio, options market optimism, Bob Loukas

Advertising

For advertising inquiries, please email . [email protected] or Telegram

U.S. Crypto Week Is Here: Could This Be the Biggest Win Yet for Bitcoin and DeFi?

Brett Already Took Off – MoonBull Might Be the 100x Crypto Everyone’s Watching

Kraken Announces IPO Plans: Timeline Set for Early 2026

Vitalik Sounds the Alarm: Could Ethereum’s $10B Treasury Boom Trigger the Next Big Crash?

Altcoins Are Booming Again But Is a Real Altseason Finally Here or Just Another Mirage?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
Previous Article representing the acquisition of SolanaFM by Jupiter and the major updates announced at the Solana Breakpoint event. Show the logos of Ju Solana-Based DEX Jupiter Acquires SolanaFM, Announces Major Updates at Breakpoint Event
Next Article depicting the bankruptcy and shutdown of Terraform Labs after the Terra stablecoin collapse. Include the logos of Terraform Labs and Ter Terraform Labs to Cease Operations After Bankruptcy, Offers Payments for Terra Stablecoin Collapse
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English