Amidst market turbulence, Bitcoin demonstrates notable stability, weathering significant events that could have disrupted its bullish trend.
DeepSeek AI Launch and Market Reaction
Earlier this week, the U.S. stock market experienced a downturn after the Chinese company DeepSeek released its open-source AI. This caused a significant sell-off of the S&P 500 stocks, with NVIDIA being particularly affected, sinking 16% in one day.
FOMC Meeting's Role
Simultaneously, the Federal Open Market Committee (FOMC) decided to keep interest rates unchanged, which was generally welcomed. Despite expectations of a negative reaction in the crypto markets, Bitcoin largely avoided major downturns, briefly dipping and then recovering.
Analysts Predict New Milestones
Analysts predict Bitcoin may reach new record highs soon. Experienced trader Pentoshi noted the resilience of Bitcoin in recent weeks and stated there is no reason it couldn't achieve new heights. Technical indicators such as Stochastic and RSI also point to the potential for continued growth.
In the long-term, Bitcoin also shows positive forecasts with potential new highs in the coming years.
