Veteran macro investor Jordi Visser suggests Bitcoin could reach $70,000 if the Federal Reserve opts to skip its next interest rate hike. This projection is based on Bitcoin's recent bullish RSI divergence, a technical signal not seen since late last year, indicating a potential shift in market momentum. The Federal Reserve's monetary policy decisions remain a critical macro driver for risk assets like Bitcoin, with a pause in rate hikes potentially fueling significant upside. Investors should closely monitor upcoming Fed announcements for signals on interest rates, as this will heavily influence BTC's trajectory. A dovish Fed stance could trigger a substantial rally for the cryptocurrency.
A Federal Reserve pause on interest rate hikes would significantly de-risk the macro environment for Bitcoin and Ethereum. Lower rates reduce the cost of capital, making risk assets more attractive and directly impacting crypto valuations. This narrative reinforces crypto's sensitivity to traditional monetary policy.
Bitcoin's price action remains highly correlated with macro liquidity conditions and central bank policy. This story highlights how traditional finance narratives and technical indicators are converging to signal potential upside. A dovish Fed pivot would likely trigger broad market relief and a significant crypto rally.
The post Expert Says Bitcoin Price Could Hit $70,000 If Fed Skips Next Rate Hike appeared first on Coinpedia Fintech News Bitcoin just posted its first bullish RSI divergence since the end of last year, according to veteran macro investor Jordi Visser, who said the signal is shifting how he views th