Bitcoin Price Prediction: Potential Increase of up to 100K by the End of the Year

get Electronic Telco Games Index Home Telco Bitcoin Price Prediction: Potential Increase of up to 100K at the End of the Year Danang Arradian Tuesday, 27 August 2024 - 20:08 IWST US inflation could return to 2%, as well as signaling a possible reduction in interest rates by the central bank. Photo: ist A A A JAKARTA - The price of Bitcoin (BTC) returned above USD 62,000 for the first time since August 1 2024. Mainly after the Chair of the US Federal Reserve, Jerome Powell, delivered a dovish speech indicating the possibility of lowering interest rates in September 2024. Powell indicating confidence that US inflation can return to 2%, as well as signaling a possible interest rate cut by the central bank. Powell's comments appeared to immediately push Bitcoin prices up. Since then, Bitcoin has risen from under USD 61,000 to around USD 63,500.

BTC experienced a 6% jump and twice tried to penetrate the USD 65,000 level, but failed to continue the increase so it experienced sideways for the last three days and Tuesday (27/8/2024) morning at 08.00 sat at USD 62,760, down after failing to rise higher than resistance USD64,000. Financial Expert Ajaib Crypto Panji Yudha said that BTC's positive movement last week indicated that Bitcoin might move back to the USD 62,000–USD 64,000 range supported by profit taking and market players waiting for economic data from the US.#BTC #BNB #CryptoExplorerFiesta #TipsTradingFutures #Ethereum $BTC $ETH $BNB