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Bitcoin Is Up 13% Since the Fed Hike. Here's Why the Funds That Sold Came Back
Published Source: BeInCryptoRead original
Crypto Insight Summary: Bitcoin price is up about 13% since the Federal Reserve raised rates on September 16, and Wall Street funds did most of the buying. Three things brought them back. The bad news was already in the price, higher rates stopped scaring buyers, and the chart showed room to rise. The Bad News Was Already in Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional buying and technical indicators signal sustained recovery.