Core

United

Bitcoin

when

Time

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-dynamics-recent-dip-and-recovery/" data-wpel-link="internal">Bitcoin Price Dynamics: Recent Dip and Recovery</a><br></p>
<p style="text-align: justify">A few months ago, $40,000 was seen as a satisfying peak, but now it’s being stamped as a possible bottom level. When BTC dropped to $15,500, there were many investors who believed the price would not reach the $50,000 levels again. Time has worked in favor of investors in the right cryptocurrencies, and here we are today. So, what will <a href="https://en.coin-turk.com/bitcoin-surges-past-30000-amid-etf-hopes-but-risks-remain-says-bloombergs-mcglone/" data-wpel-link="internal">Bitcoin</a> be worth tomorrow?</p> 
<h2 style="text-align: justify" id="bitcoin-btc-takes-another-dip">Bitcoin (BTC) Takes Another Dip</h2> 
<p style="text-align: justify">The king cryptocurrency recently rose again after hitting a low of $48,300 at the time of writing. BTC is now finding buyers at $49,000. Core inflation in the United States increased by 0.4% last month, a rise that was not expected. Therefore, the annual decline forecasts also found a weak response.</p> 
<p style="text-align: justify">Even though annual inflation has decreased, core inflation remained at 3.9% due to the monthly data. This rise in inflation continued to erase the already beginning bubble related to the Federal Reserve’s interest rate cuts, causing BTC to fall.</p> 
<p style="text-align: justify">Kathy Jones, Fixed Income Strategist at Charles Schwab, suggested delaying interest rate cuts. Jones also said;</p> 
<blockquote> 
 <p style="text-align: justify">“The Fed will see this as another reason to wait until May or June, but the trend direction is still lower. Since a large part of the increase comes from housing, we will have to wait to see when these costs will decrease.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="will-bitcoin-btc-and-cryptocurrencies-fall">Will Bitcoin (BTC) and Cryptocurrencies Fall?</h2> 
<p style="text-align: justify">The new CPI data tells us why we need to be more realistic this year. The Fed does not expect a significant easing on the employment front. While the market predicts a 150bp cut, the Fed continues to talk about a 75bp cut. And the latest inflation data caused the previously certain rate cuts in March and May to be shelved.</p> 
<p style="text-align: justify">So, what will happen with cryptocurrencies? Santiment wrote the following in light of the latest data;</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-314372 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Santiment-BTC-Tahmin.webp" alt="" width="850" height="603"></p> 
<blockquote> 
 <p style="text-align: justify">“The polarization of sentiment is likely after Bitcoin surpassed $50,000 for the first time in over two years yesterday, followed by a drop below $49,000 today. According to analysts, if significant panic selling occurs, the sentiment will turn negative while the rationale for buying the dip will become significantly more applicable.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-314371 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/CryptoCon-Tahmin.png" alt="" width="1217" height="577"></p> 
<p style="text-align: justify">Despite Santiment’s optimism, CryptoCon wrote that the BTC price will soon experience a new drop to $40,000. The next CPI data will arrive on March 12th, and this data is now much more important.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-dynamics-recent-dip-and-recovery/" data-wpel-link="internal">Bitcoin Price Dynamics: Recent Dip and Recovery</a></h5>

Bitcoin Price Dynamics: Recent Dip and Recovery

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