It is noteworthy that Bitcoin managed to stay above $100K despite the ongoing worry in the markets. The FED kept the interest rate ın hold, but Bitcoin did not react positively or negatively to this, although this was already priced in, in fact this was already priced in. However, if the FED had lowered interest rates, Bitcoin could have entered a new upward trend. Many experts say that the FED will have to lower interest rates in the coming months.
Although there is still worry in the markets, Bitcoin remaining above $100K is reassuring the markets, which will attract more wealthy investors to the crypto market. I think Bitcoin staying above $100K is a sign that it is ready for a new bounce. If it does not lose the $100K support, I believe it can make a new bounce next week. We will wait and see.
This is not investment advice, please do your own research before investing. In my posts, I only talk about my personal predictions and predictions may not come true.
