The FED New Loose Inflation Policy Keeps Leading Bitcoin to Go Higher in Price
The FED new ultra-loose inflation policy keeps affecting Bitcoin’s price getting back to its uptrend way. As can be seen in the 4H chart, Bitcoin’s price moves up against the former resistance line which once was the uptrend supporting line and gets back to the original ascending trend. The weakened US dollar is expected to last for a long period of time until the US economy recovers and reaches above 2% inflation rate for a while. Thus, a strong Bitcoin would be forged as the bullish sentiment on Bitcoin continues.
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