BITCOIN RECLAIMS $105,000 AFTER POWELL'S IF SPEECH FUELS PIVOT TALK!

Bitcoin's price surged past $105,000, driven by growing expectations that the Federal Reserve may pivot its monetary policy stance later this year. This shift is likely influenced by:

Fed's Growing Openness to Easing Monetary Policy: Jerome Powell's speech signaled a potential shift in the Fed's stance, sparking optimism among investors.

Downward Trend in Inflation: With inflation rates decreasing, investors anticipate the Fed may ease monetary policy, boosting Bitcoin's price.

Speculation around Interest Rate Cuts: Market analysts predict potential rate cuts, which could further fuel Bitcoin's growth.

Current Market Data:

Bitcoin's Current Price: $105,295.32

Percent Change: 0.94% increase

Market Cap: $2.07 trillion

Market Outlook:

Some analysts believe Bitcoin's recovery is a bet on policy shifts, while others caution that a hawkish tone from the Fed could lead to a price drop. With the Federal Reserve's upcoming meetings and speeches, market volatility is expected to continue .#MarketRebound #BinanceAlphaAlert #MyCOSTrade #BTC $BTC #MyCOSTrade