您现在的位置是:Bitcoin found support at $25k (again). YTD performance remains impressive. >>正文
Bitcoin found support at $25k (again). YTD performance remains impressive.
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛67人已围观
简介Bitcoin found support at $25k (again)YTD performance remains impressiveA dovish Fed may trigger even...
- Bitcoin found support at $25k (again)
- YTD performance remains impressive
- A dovish Fed may trigger even more strength
Cryptocurrency investors may have been disappointed by the lack of volatility during the summer months—after all, Bitcoin, the leading cryptocurrency, only consolidated levels.
But one should keep in mind that Bitcoin rallied strongly in 2023. It returned over 61% in the trading year, and the bias remains bullish.
The bullish perspective is even more obvious if one looks at the yearly returns of Bitcoin. Since 2010, only in three years did Bitcoin deliver negative returns.
Buying the dip seems to have worked every time, even though the dips were quite scary.
Will the Fed’s decision boost Bitcoin?
Tomorrow, the Federal Reserve of the United States (Fed) is expected to hold the funds rate steady. As always, the details in the FOMC Statement and the press conference will move markets.
Higher inflation than the Fed’s target was the main cause of rising interest rates. Now that inflation comes down from its highest levels, the Fed may feel comfortable that it will reach the target in a timely manner.
Therefore, a dovish Fed would trigger weakness in the US dollar and strength for Bitcoin.
The technical picture also favors more Bitcoin strength. The market bounced twice from $25k and now trades above $27k. A dovish Fed would send Bitcoin back to the $30k resistance area with big chances to move even higher.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/48726.html
相关文章
Terra (LUNA) finds support at $65 – Are bulls ready to push this to $75?
Bitcoin found support at $25k (again). YTD performance remains impressive.Despite the general carnage in crypto over the last week or so, Terra (LUNA)has remained one of the...
阅读更多
HKVAX gets approval to offer crypto in Hong Kong
Bitcoin found support at $25k (again). YTD performance remains impressive.HKVAX has moved closer to becoming only the third platform to receive a VATP licence in Hong Kong.Th...
阅读更多
Popular analyst Rekt Capital says BTC faces stiff barrier around $43k
Bitcoin found support at $25k (again). YTD performance remains impressive.The analyst says February could see a green candle if $37,000 holds as key monthly support, which co...
阅读更多
热门文章
- SafeAI is on a mission to automate mining and construction
- Tiny surgical robot could travel deep into lungs to detect and treat cancer one day
- LimX Dynamics' first humanoid robot gains real
- Analysts: Bitcoin remains bullish after breaking above $43k
- South Korea: $470B vision for world's largest chipmaking hub
- Hester Peirce criticizes SEC warning to accounting firms
最新文章
Volatility Shares targets Ether Futures ETF on October 12
NASA shares incredible close
DARPA wants a way to capture the next Chinese spy balloon
Algorand (ALGO) could rally by nearly 25% after a period of price consolidation
Analyst says meme stocks AMC and GameStop to see more pain
Stellar trade neutral after price struggle to extend bearish rally