Bitcoin price has rallied 170% this year as bulls strongly push prices above key support levels. Traders are now anticipating another upside move and closing the year near $50,000. Several major factors confirm that Bitcoin and the crypto market will reach a new all-time high (ATH) in a few months.
Bitcoin Price Set For New ATH
Firstly, Traders, retail investors and institutional investors are now confident about their next move as the U.S. Federal Reserve kept interest rates unchanged in the FOMC meeting on Wednesday. Fed Chair Jerome Powell made it clear that they plan to announce three rate cuts in 2024, as inflation cools.
Crypto expert and BitMEX co-founder Arthur Hayes suggests there is no excuse not to be long on crypto. He reiterates that Bitcoin price will hit $1 million and cited a Bloomberg report on traders going all in ressponse to the monetary policy pivot in 2024.
“How many more times must they tell you that the fiat in your pocket is a filthy piece of trash. Believe i
We współpracy z: https://coingape.com/major-factors-confirming-ath-for-bitcoin-price-and-crypto-market/
