The current price of Bitcoin is $62,736 USD, with a 1.08% increase in the last 24 hours . In terms of market capitalization, Bitcoin reaches $1.24 trillion USD .

In terms of trend, some analysts consider that Bitcoin is experiencing a normal correction after breaking above $66,000 . Others suggest that the price could be preparing for an uptrend, with a key level at $70-71k to reach $100k .

*Technical Analysis*

- Oscillators are showing a neutral to strong buy signal

- Moving averages are indicating a strong buy trend

- Relative Strength Index (RSI) is showing a value of 50, suggesting that the market is balanced

*Relevant News*

- The US Federal Reserve's decision to cut interest rates by 50 basis points has boosted Bitcoin's price recovery

- The cryptocurrency market is seeing increased adoption and recognition

Remember that the cryptocurrency market is volatile and can change quickly. It is important to conduct your own research and consider multiple sources before making investment decisions.

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