Cointelegraph experts noted key trends for bitcoin

During today’s trading at the Asian session, the flagship cryptoactive sharply added in price, approaching $ 87,000. And now many experts are talking about what can be expected from Bitcoin in the near future. On this occasion, analysts from Cointelegraph also spoke.

First of all, experts advised to pay attention to the Fed, since soon high -ranking officials will speak about the current macroeconomic situation. In total, 8 representatives of the department will perform. It is worth noting rumors that Donald Trump can fire Jerome Powell from the post of head of Fedorrev. Employees of the Presidential Administration did not directly confirm this information, but did not also refute it.

In the near future, some important macroeconomic data is not expected, and therefore investors concentrate mainly on the trade confrontation of the United States and China. Many market participants express concern: it will acquire a protracted character. In such conditions, the world economy will suffer primarily, which will negatively affect the global market.

Therefore, investors prefer to transfer capital into conservative tools. In favor of this thesis, the confident increase in the cost of gold speaks. At the moment, the precious metal has approached the record $ 3400 per ounce.

Certain support for digital coins may be a weak dynamics of the dollar. The DXY index for a long time is in a descending trend.

If in mid -January it was located near 110 points, now it has fallen to the level of 98 points. Again, the further dynamics of the index will have a significant impact of how the trade confrontation between China and the USA will unfold. At the moment, there are no signs that the parties are ready for a constructive dialogue.

Author

Andrey Alexandrov