BTC Price Prediction – After Breaking Back Above $17000, Where Next?
Join Our Telegram channel to stay up to date on breaking news coverage The BTC price is back above $17k for the first time since mid-November. It happened in response to Fed Chair Powell setting grounds for a 50 BPS hike, stating that now might be the time to increase the interest rates at a moderate pace. These dovish comments leave buyers more time with their current buying power — which has directly translated to a happy December entry for Bitcoin as more investors turned up. BTC Price Trajectory In November November was nothing but a bucket of bad news for the crypto market. As Sam Bankman-Fried’s fake facade of the most charitable billionaire came to light soon after the FTX collapse, Bitcoin became a seller’s market. After riding the highs of above-$20k due to the Fed’s earlier minutes of the meeting, and the CPI data, FTX’s betrayal proved to be the second bomb to implode crypto prices this year. The BTC price quickly went down to its...