Inflation in its decline slowed to 0.1 %. Most likely, this year the rate will increase more than once. That is, the tightening can be 4, and one of them may well be at half point. For Bitcoin, this is not the best news. The more stringent the US monetary policy will be in the future, the worse for Bitcoin and other cryptocurrencies.
Therefore, there is no reason to expect a sharp increase. At the same time, it should be remembered that for the cryptocurrency market, clear reasons for moving in a particular direction are not always required. So far, Bitcoin quotes have not been able to overcome the level of 24,500.
But if Bitcoin manages to overcome the level of $ 25,000, then he will begin to test the level of $ 28,000. Then, due to the bullish trend, it will be possible not only to maintain the level of $ 28,000, but also to come close to $ 29,000.
What happens if the Bitcoin exchange rate fails to keep the threshold of $ 25,000 and starts to decline to $ 23,000, then it is likely to drop to 22,000 – $ 20,000. In this case, it may mean that Bitcoin has reached the bottom, and a rebound may soon begin.
There is still Mt Gox to be paid out so there may be serious fluctuations.
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