📰 Bitcoin Weekly Forecast: Expected Growth and Sustained Interest

From July 7 to July 13, 2023, experts from RBC-Crypto forecast changes in the Bitcoin (BTC) exchange rate, which is currently trading at $109,000, with a slight increase of 1% compared to last week. Specialists noted that in recent days, the asset has seen an influx of investments in spot ETFs and a decrease in the volume of bitcoins on exchanges, indicating growing interest from long-term investors.

According to expert assessments, if Bitcoin can stabilize above the $110,000 mark, its next target will be $113,000. Support for the exchange rate also comes from expectations of a decrease in interest rates from the Fed, creating favorable conditions for the growth of the crypto market.

In addition to Bitcoin, Ethereum (+4% for the week) is showing good results due to the prospects of ETH 2.0 and growing interest in DeFi. Altcoins with strong fundamentals are also continuing to show positive dynamics.

It is important to remember that cryptocurrencies remain highly volatile assets, and investors should be cautious in their decisions.

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