📈 Why has Bitcoin grown and what to expect next?

Previously, Bitcoin approached the $36,000 mark, which was last seen in May 2022, after which a correction began.

The results of the latest meeting of the Federal Reserve System (FRS) provided important support for Bitcoin. The regulator left the key interest rate at 5.5%.

However, the Fed emphasized that inflation in the US is still above the target level, and therefore it is too early to draw conclusions about a possible reduction in the key rate, market participants say.

💬 According to cryptocurrency analysts, a steady consolidation above $35,000 is helping to strengthen Bitcoin's position. However, if buyers fail to hold this level, there is a high probability that a deep correction will begin.