Wall Street Believes Bitcoin Price Bottomed After Key US Federal Reserve Decision
Bitcoin price bottomed after Jerome Powell’s speech at the Jackson Hole Economics Symposium. After the price of the asset fell nearly 6% over the past week, Wall Street analysts believe that bitcoin has reached its bottom. The price of bitcoin probably bottomed out after Jerome Powell’s speech at the Jackson Hole Symposium. Wall Street analysts believe that the comments of the chairman of the US Federal Reserve on financial markets provoked a fall in the price of bitcoin. Bitcoin price starts an uptrend targeting $21,895, analysts remain bullish on BTC.
Top 3 Bitcoin, Ethereum and Ripple Price Predictions: Crypto Recovery Rallies Have Unfinished Business
The price of bitcoin shows that the recent selloff was quickly canceled when traders came to the rescue. This development has been welcomed by altcoins, including Ethereum and Ripple, which are also recovering quickly. Going forward, market participants should exercise caution as BTC has failed to reach its downside target following the recent drop.
The price of a Shiba Inu may offer a unique opportunity in a bear market.
The price of the Shiba Inu fluctuates around a stable support level that has formed over the past three months. A break of this barrier could trigger a strong correction that could provide one of the best trading opportunities in a bear market.