In accordance with BitJie, XWIN Research Japan suggests that if the Federal Reserve maintains its current interest rate, Bitcoin's price could remain within a $60,000 to $80,000 range. Bitcoin recently fell from a $126,000 high in October to below $90,000, with a brief dip to $88,000 before stabilizing. The uncertainty around the upcoming Fed meeting and delayed U.S. economic data have contributed to market hesitation. Analysts also note that a record $72.2 billion in stablecoin reserves could influence Bitcoin's price movement. Despite the current consolidation, some experts believe the market is not in a full bear cycle due to strong fundamentals, including institutional adoption and regulatory progress.
XWIN Research Japan: Bitcoin Price May Stay Between $60,000 and $80,000 If Fed Holds Rates
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.