$BTC has declined over 16% in the past two months, but can the largest cryptocurrency's resume its upward journey? These three bullish tailwinds could hold the answer. By godbole17.
Directional traders betting on a rise in bitcoin's price have faced disappointment over the past two months. The top cryptocurrency by market value has pulled back by over 16% since hitting a high of $31,000 two months ago.
"With the Fed’s actions this week in pausing rate hikes , it looks like the dollar’s days above 100 may be numbered," Jarvis Labs added. Data from the charting platform TradingView shows the ICE Bank of America Merrill Lynch U.S. bond market options volatility index declined nearly 10% last week, hitting the lowest since February.exchange-traded fund last week, offering a positive surprise to the market battered by a steady stream of bad news over the past 12 months.
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