Bitcoin (BTC) Have met several peaks in recent months. The original Cryptocurrency hit a height of $ 108,786 earlier this year in January. The rally was probably due to President Donald Trump’s inauguration. Trump’s pro-crust policy may have led to an increase in market players.
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Bitcoin’s price correction
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Bitcoin (BTC) has since recycled the $ 87,000 brand. The resuscitation of the market is probably due to the United States facilitating its tariffs and the Fed pause the interest rate hikes. The Fed can also announce an interest rate cut soon. The move can lead to another market -wide rally.
When will the asset suffer $ 100,000 again?
Bitcoin’s (BTC) price must collect by 13.56% to hit $ 100,000 again.
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There is also a possibility that BTC will continue to gather and not meet a correction. If macroeconomic conditions are improved, we can see an extended market rally.