Since the price of Bitcoin has fallen, the price of Bitcoin has started to rise again. Although it is not possible to say exactly how much it can increase. Because there is a CME gap above $91 k. It remains to be seen whether it fills it! Bitcoin has recently recovered significantly from its correction. But according to recent expert assessments, this could be the beginning of a significant rally. However, if Bitcoin follows past records, I believe Bitcoin will reach $180 k this year. A bold statement given the weakness of Bitcoin's current price, because an increase to that level would be equivalent to a doubling of the price.
[source](https://pixabay.com/photos/bitcoin-gold-coin-icon-symbol-6024248/)
Although Bitcoin is currently in a good position. It is expected that the price can go to $100,000 in one direction if there is no bad news. However, one important thing is that there is no negative news in the market at the moment. Currently, other coins, including Bitcoin, can increase in price due to macroeconomic factors such as inflows into spot ETFs. However, historical patterns that have repeatedly emerged before Bitcoin's strong performance can also be considered important. While there are some very optimistic predictions from analysts, it remains to be seen whether these will prove to be true.
On the positive side, Bitcoin has recently managed to rise significantly above its 200-day moving average. One of the reasons for the positive Bitcoin price was the statement of US President Donald Trump. &He announced that he has no intention of firing US Federal Reserve Head Jerome Powell.* Trump has recently insulted Powell on social media. His recent statements have at least allayed concerns about the central bank’s independence.
Hopes of a de-escalation of the trade conflict between the US and China have also supported the market. According to Bloomberg, US Treasury Secretary Scott Besant said that the tariff dispute with China cannot be sustained for either side. The world’s two largest economies must find a way to de-escalate the situation.
PayPal plans to integrate its stablecoins into additional products this year to make payments cheaper and faster for millions of merchants and consumers. According to Bloomberg, PayPal CEO Alex Kriss emphasized: “We are thinking deeply about how we can change the cost profile of the payments landscape with stablecoins.” Competition for PayPal is currently intensifying. Companies such as Robinhood, Revolut, Stripe and even investment giant Fidelity are also entering the stablecoin market.
