BTC breaks the $66,000 mark, what will be the future trend?
On the evening of May 3, affected by the US non-agricultural data in April, BTC soared by $6,300, an increase of 10.7%.
However, after the Fed officials stated that they would not cut interest rates on the evening of May 10, BTC fell back by $3,300, a drop of 5.2%.
However, on May 15, with the release of US CPI data, BTC broke through the $66,000 mark again.
My analysis of the BTC market is as follows:
BTC halving bull market: halving events have always been an important catalyst for BTC.
Expectations of Fed rate cuts: The market generally expects the United States to cut interest rates between September and November this year, which may bring benefits to digital asset markets such as BTC.
US presidential election: The November 5 election will also be the focus of market attention and may trigger new market fluctuations.
Taking the above factors into consideration, Bitcoin is expected to usher in its glorious moment in the future. Therefore, for investors, May to June is undoubtedly a good opportunity to build positions. But please note that any investment has risks, so be sure to make careful decisions.
If you haven't opened a position yet, you might as well follow the market trend and seize this opportunity.
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