Comments from Atlanta Fed President Raphael Bostic triggered a much-anticipated Bitcoin rise. BTC reached $98,000, with analysts eyeing a $101,000 target next.
Signs of Slowing Are Accumulating
Raphael Bostic noted that unemployment complexities are rising, while rent increases are slowing. Bostic stated: ‘I view the employment outlook as stable, but signs of slowing are accumulating...’
Ongoing BTC Accumulation by Strategy
Bostic expects interest rate cuts, leading to Bitcoin's momentum. Notably, Strategy's $2 billion convertible note announcement contributed to the upward trend.
A Predictor of an Imminent Price Swing
The current $91,000-$102,000 price range mirrors past rallies. Sustaining above $100,000 could confirm the next growth stage.
Investors should monitor key support levels for potential market pulls. Optimistic sentiments fuel hopes for further price increases.
