Wall Street believes Bitcoin price hit its bottom after key move by US Federal Reserve
Bitcoin price hit a floor after Jerome Powell’s speech at the Jackson Hole Economic Symposium. After the asset’s price declined nearly 6% over the past week, Wall Street analysts believe Bitcoin has hit its bottom. Bitcoin price likely hit a floor after Jerome Powell’s speech at the Jackson Hole symposium. Wall Street analysts believe the US Federal Reserve chair’s comments on financial markets triggered a Bitcoin price drop. Bitcoin price begins an uptrend, eyeing the target at $21,895 level, analysts remain bullish on BTC.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto recovery rallies have unfinished business
Bitcoin price shows that the recent sell-off was quickly undone as bulls came to the rescue. This development was well received by altcoins, including Ethereum and Ripple, which have also experienced quick recoveries. Going forward, market participants need to exercise caution since BTC did not complete its downside objective after the recent nosedive.
Shiba Inu price may provide a once-in-a-bear-market opportunity
Shiba Inu price hovers around a stable support level formed over the last three months. A breakdown of this barrier could trigger a steep correction that could provide one of the best trading opportunities in this bear market.
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Crypto exchange BingX said on Friday that it suffered a hack, an attack that led to “minimal” losses that researchers at PeckShield estimate at $26.68 million. The attacker swapped the stolen altcoins for Ethereum, Binance Coin and Polygon tokens, according to on-chain data.
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Pepe extends the upward movement on Friday after breaking above the descending trendline and resistance barrier on Thursday. PEPE’s dormant wallets are in motion, and the long-to-short ratio is above one, further supporting this bullish move and hinting at a rally on the horizon.
Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum
Shiba Inu remains strong on Friday after breaking above a symmetrical triangle pattern on Thursday. This breakout signals bullish momentum, further bolstered by a rise in daily new transactions that suggests a potential rally in the coming days.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin (BTC) has risen 7% so far this week, supported by the US Federal Reserve (Fed) interest-rate cut and more than $300 million in ETFs inflows. The recent surge led BTC price to shatter several key technical resistance levels, a sign that the current two-week rally has likely some more way to go towards $65,000.
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