Bitcoin's recent price correction to $92,500 was largely influenced by concerns about the US Federal Reserve's tightening monetary policy, with analysts highlighting that strong economic data suggesting potential interest rate hikes diminishes the appeal of cryptocurrencies. Bitcoin briefly surpassed the $100,000 mark on January 7 before this downturn, causing over $631 million in leveraged long positions to be liquidated. Market expectations now suggest a potential rate cut by the Fed may not occur until June 18, with a high probability that rates will remain unchanged in the upcoming January meeting. While short-term volatility is anticipated, experts like John Glover project that Bitcoin may test the $90,000 level before a significant rally towards $126,000. Maintaining support above $91,000 is crucial to avert further declines. Optimism regarding Bitcoin's long-term prospects remains, with predictions of a price peak exceeding $150,000 in late 2025, driven by an increase in global money supply.

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