CandleFocus Bitcoin (BTC) Continues to Struggle for $64K, Investors Are Hesitant! But Standard Chartered Is Upbeat About the Rise, Here's Why!
2024-09-25
Author: Content Editor
Bitcoin has seen a 6% increase in the past week but is currently struggling to surpass the $64,000 mark, trading at $63,580. Despite this volatility, experts believe there are positive factors that could lead to a bullish trend for Bitcoin. The recent FOMC decision and the steepening of the US Treasury yield curve have supported Bitcoin's rise, as indicated by the bond yield curve spread. Vice President Harris' supportive statements about digital assets also contribute to favorable market conditions. Additionally, an increase in Google searches for Bitcoin suggests a potential new bull cycle. Experts anticipate that Bitcoin needs market momentum to surpass $65,000 and attract new investors to the market.
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