Hey, guys.
Today's rise is due to the release of macro data on slowing inflation in the US. That in turn gives additional hopes and expectations of investors about the reduction of the prime rate of the U.S. Federal Reserve, at the moment the market expects the first reduction with 15% probability in July and with 80% probability at the September meeting (according to futures on federal funds).
What's next for bitcoin? A decline in inflation could be a good opportunity for continued growth, but it requires a break of the sideways trend. By the way, in the weekly review I considered such an option.
Stay tuned.
