Bitcoin Price Steadies Above $90,000 as Markets React to Fed Rate Cut: What’s Next?
Bitcoin price faces resistance at $91,000, testing support at $88,000.
Fed's rate cut triggers bearish trend, impacting the broader crypto market.
On-chain data suggests a potential "buy-the-dip" opportunity for traders.
Bitcoin price has managed to maintain above $90,000 on Thursday, following a bearish market trend triggered by the Federal Reserve’s recent interest rate cut.
The total crypto market has reported a 3% decrease in the last 24 hours. This decline follows as traders respond to the third rate drop of the year by the Fed, and huge liquidations by big crypto holders.
