Bitcoin has risen above $90,000 again after a period of consecutive declines. This increase is attributed to expectations of a Crypto Summit at the White House and a potential Fed rate cut. Analyst Timothy Peterson believes that Bitcoin is unlikely to fall below $69,000 based on his "Low Price Forward" metric, which suggests a 95% chance of Bitcoin staying above this level. Peterson also notes that deep declines in Bitcoin are typically followed by a consolidation period before an uptrend resumes. However, it is unclear whether this rise in Bitcoin is short-lived or the beginning of a new upward wave.



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