#биткоин is already above 80 thousand. Where will the price go?
Experts shared forecasts for the future dynamics of cryptocurrency and discussed when the BTC price could reach $90 thousand
Bitcoin has risen by nearly 30% over the past 10 days. This is a strong impulse after a period of record-low volatility in the previous months. The price is still within a price channel in the $60–82 thousand range.
In the medium term, things look quite positive for cryptocurrencies, as the latest macro data in the US pointed to moderate inflation dynamics and a cooling job market, while the US Treasury’s buyback of long-term bonds helps to keep yields in check.
In addition, the semiconductor sector and the memory chip producers sector are showing weaker performance, which draws speculative capital into more volatile markets.
The future movement of cryptocurrencies will depend on the remarks by the head of the Fed, Kutchin Uorash, at the Symposium in Jackson Hole, which will take place from August 27 to 29. In addition to the usual comments regarding monetary policy, the topic of cryptocurrencies may be raised at the Symposium.
If the regulator’s rhetoric regarding monetary policy turns out to be softer, the rally may continue.
Experts shared forecasts for the future dynamics of cryptocurrency and discussed when the BTC price could reach $90 thousand
Bitcoin has risen by nearly 30% over the past 10 days. This is a strong impulse after a period of record-low volatility in the previous months. The price is still within a price channel in the $60–82 thousand range.
In the medium term, things look quite positive for cryptocurrencies, as the latest macro data in the US pointed to moderate inflation dynamics and a cooling job market, while the US Treasury’s buyback of long-term bonds helps to keep yields in check.
In addition, the semiconductor sector and the memory chip producers sector are showing weaker performance, which draws speculative capital into more volatile markets.
The future movement of cryptocurrencies will depend on the remarks by the head of the Fed, Kutchin Uorash, at the Symposium in Jackson Hole, which will take place from August 27 to 29. In addition to the usual comments regarding monetary policy, the topic of cryptocurrencies may be raised at the Symposium.
If the regulator’s rhetoric regarding monetary policy turns out to be softer, the rally may continue.