🔰Bitcoin Price Prediction – Why Bulls Are in Retreat, But Don’t Bet on the Bears Sticking Around
Bitcoin (BTC) has been gaining traction since the beginning of this year, and the reason for its upward rally could be associated with a variety of factors, including banking sector instability, higher-than-expected inflation data, and renewed confidence in a dovish Federal Reserve stance.
Bitcoin touched its highest level in months last Wednesday, reaching $28,889, but lost part of its ground shortly after the United States Federal Reserve announced an interest rate hike. Notably, Bitcoin has grown more than 60% since the beginning of the year.
