Cryptocurrency After the sharp declines in the market, which could not enter an upward trend, of bitcoin All crypto investors wonder when it will start the bull run.
Some analysts think that the FED’s rate hike continues to be priced in, so selling pressure will continue, but the direction will be turned up again with interest rate hikes. There are also analysts who think that it is not that simple.
Robbie Liu, a researcher at Babel Finance, a crypto financial services provider, of bitcoin He told CoinDesk about the date he will rise and his expectations.
Bitcoin and of the FED Pointing out the correlation between interest rate hikes, Liu said:
“Once the market adjusts to the Fed’s rate hike, stocks and Bitcoin will continue their uptrend. So after the second half of 2022, both will continue to perform strongly.”
Liu’s view is right after the expected March rate hike by the FED, which dominates the crypto market. of bitcoin not in line with the view that it can begin to rally.
Emphasizing that stocks say the opposite of market expectations, Liu said:
“Given the current strong correlation between Bitcoin and equities, especially given that the two assets have been on a synchronized downward trend since December, we believe it may be difficult for Bitcoin to move up in the three months following the first rate hike.”
According to CoinMarketCap data, there has been a decrease in the last week. bitcoin It continues to trade at $ 37,500.
*Not investment advice.