๐๐๐$BTC GO TO 64000๐๐๐
Bitcoin Analysis: Potential Increase to $62,900 and Further Consolidation Phase
After the announcement of the FOMC meeting results, Bitcoin again recorded a significant increase. The price of Bitcoin has now managed to break through the upper limit of $61,000, supported by positive sentiment from the potential easing of US monetary policy.
Many crypto analysts believe that Bitcoin has the potential to continue its upward movement to reach the $62,900 price area in the next few days.
This increase is predicted to occur along with expectations of a stronger interest rate cut in September.
However, many have also warned of the potential for a correction after Bitcoin reaches that price, given the high market volatility and macroeconomic uncertainty.
The consolidation phase is expected to continue until global macroeconomic conditions show greater stability, especially towards the end of this year.
