The Bitcoin (BTC), the leading cryptocircle, has a significant dementia, to clear the benefits of findings follow the recent US FEDERAL Reserve (Fed) decision to determine interest rates.
After climbing at approximately $ 118,000 – 5% shame Higher time-That market faces renewable uncertainty. Apart from this return, experts emphasize that long-term Bitcoin view remains positive, especially as on September 21, a day identified as a Pivotal of BitCoin.
Was September 21 Mark the beginning of the running of a new bull?
Market analyst Timothy Peterson Outstanding Points That historically, Bitcoin has completed a year high year in 70% of the time after September 21, with more than 50% increase. Building this day “Low Bitcoin Date,” suggests that the conflict of price increases is very interesting.
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Peterson notes that two DOWURNS in Bitcoin history occurred during the bear markets in the established annual market in 2018 and 2022, conditions not displaying the current market condition. This leads him to believe that the chances of increasing the price is near 90% this year.
In addition, the Bitcoin’s Track Record shows that it has a nearly full hold of six months after September 21. Peterson measures there at least 70 opportunities
Analysts warn to ‘Sell Bitcoin Participation’
Ryan Lee, a large exhibit in Cryptocurrency Exchange Exchange, and points to recently made up of 25 points determined by the Fed Aa Factor starting to grow Bitcoin Price, above $ 117,000. This is cut, first in nine months, indicating the average marketing of the market.
Anyway, lee appreciation Whether a year-old guess of a year’s cuts can burn others hope, introducing potential fluctuations as merchants repair their plans.
Historically, Bitcoin received 5% to 8% reduction in the average reduction before the resume of its higher status, suggesting the possibility of “marketing” news from the coming days.
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Apart from this variety, Lee remains a dragon of the Macroeconomic area, which is the low cost of financial marketing (MMFS) may have directed funding from all funds, such as Cryptocureencies.
The BitCoin role as a thigh of this weather is at risk, especially for £ 7.2 trillion holding tools like money.
Looking forward, Lee predicts that Cryptocurrency May cover a nearby time before the prices between $ 123,000 and $ 150,000, should be covered by additional levels.
Analyzers in the bitfinex and sharing a positive outlook, focusing that the reduction of three expectations of the year and the end of the year The most transactions (ETFS), Bitcoin can reach between $ 125,000 and $ 135,000 by the end of the year.
However, they also warned if a decline in the power or economic production prevents the FED power to continue reducing $ 110,000 to $ 115,000 as the participation of institutions and ETF organs under management.
Picture entered from Dall-e, chart from TradingView.com
