Bitcoin Surge amid Fed's Hints!

Bitcoin price soared by 4% recently, hitting over $86,000. What’s fueling this rally? The Federal Reserve’s signals about potentially cutting interest rates twice this year have sparked gains across risk assets like Bitcoin. As the Fed appears more dovish, investors are drawn to Bitcoin, a non-yielding asset, due to lower opportunity costs. Meanwhile, long-term Bitcoin holders are accumulating, boosting confidence. As selling pressure from these holders eases, Bitcoin finds itself a robust support channel, experiencing significant bounces from its lower trendline. Economic predictions and investment decisions evolve, reflecting bitcoin's growth potential.