Traders Can Expect Bitcoin (BTC) Price Rally By Year-End Only If This Happens - BitcoinEthereumNews.com
BitcoinTraders Can Expect Bitcoin (BTC) Price Rally By Year-End Only If This Happens06 / 04 / 2022Balita ng Ethereum ng BitcoinăăLyn alden, a Macro analyst says Bitcoin trending at the lowest of $29,733 now can rally higher over coming months if it fulfills certain conditions. In response to the question raised in the Coin Stories interview Alden says, the Bitcoin price can reach its highest high if the Federal Reserve reverses its current hawkish monetary policy measures. Which includes raising interest rates and the unwinding of asset purchases.ăăShe noted that: âI mean if you had a total capitulation like if you had a pivot in Fed policy and a reliquefaction of markets, its a pretty high volatility asset [Bitcoin]. So you could have a pretty big swing up. you could reset some highs.âăăLyn further describes that Bitcoin is currently performing in the short term, it could still print new lows. And he also highlights that the top crypto asset by its market cap is now trading at price levels favorable for long-term holders.ăăNoting: âI donât really have a high conviction if weâre going lower or not. Itâs not like Bitcoin necessarily bottoms as soon as the bottom of the economic