Bitcoin may fall further in the coming weeks
After experiencing ETFs and halving this year, Bitcoin has been on an upward trend for several months and has created an all-time high this month. However, after Bitcoin fell 8% last week, it has been fluctuating below $100,000 in recent days. Bitcoin may fall further in the coming weeks.
The Federal Reserve is in a dilemma. Despite three consecutive interest rate cuts since September, the financial environment continues to tighten. At the same time, according to the US inflation index, the real-time indicator of consumer price inflation has accelerated to a new high again in the past few months. Therefore, we are likely to see unpleasant situations in the coming weeks, but considering that Bitcoin will continue to rise, this may be a buying opportunity.
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