Golden Finance reported that Ben Simpson, founder of the encryption education platform Collective Shift, believes that with the end of Germany's 'forced sale' and the almost inclusion of Mt. Gox repayment in the price, analysts believe that the loose macro environment will be the driving force behind the BTC price in the coming months. He believes that Jerome Powell's suggestion of a possible drop in interest rates in the near future, the new high of the S&P 500 index, and the significant influx of funds from BTC ETFs are all Favourable Information for BTC.
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BTC recovers $62,000, analyst says the worst period may be over.
Golden Finance reported that Ben Simpson, founder of the encryption education platform Collective Shift, believes that with the end of Germany's 'forced sale' and the almost inclusion of Mt. Gox repayment in the price, analysts believe that the loose macro environment will be the driving force behind the BTC price in the coming months. He believes that Jerome Powell's suggestion of a possible drop in interest rates in the near future, the new high of the S&P 500 index, and the significant influx of funds from BTC ETFs are all Favourable Information for BTC.