My Current Bitcoin Analysis
In my opinion, Bitcoin is targeting the $102K range, based on the following key factors:
The sharp rally in Bitcoin’s price immediately after the release of the inflation report was primarily driven by Jerome Powell’s statement that inflation is expected to decline to around 2% by 2027 —a level considered ideal for economic stability.
While this reaction may seem unusual at first glance, the market likely interpreted Powell’s stance as a confirmation that no further inflationary pressures are expected in the near future. This, in turn, led to the assumption that interest rate hikes are off the table for now, creating a favorable environment for risk assets like Bitcoin.
As a result, the price **quickly rebounded and resumed its bullish trend**, reinforcing the ongoing uptrend.
Let’s see how the market develops in the coming days.
Good night, friends! 🚀
In my opinion, Bitcoin is targeting the $102K range, based on the following key factors:
The sharp rally in Bitcoin’s price immediately after the release of the inflation report was primarily driven by Jerome Powell’s statement that inflation is expected to decline to around 2% by 2027 —a level considered ideal for economic stability.
While this reaction may seem unusual at first glance, the market likely interpreted Powell’s stance as a confirmation that no further inflationary pressures are expected in the near future. This, in turn, led to the assumption that interest rate hikes are off the table for now, creating a favorable environment for risk assets like Bitcoin.
As a result, the price **quickly rebounded and resumed its bullish trend**, reinforcing the ongoing uptrend.
Let’s see how the market develops in the coming days.
Good night, friends! 🚀
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