Metalpha Analyst: Bitcoin's rebound indicates a more optimistic view of the short-term macro environment in the market
BlockBeats reports, on July 17th, Metalpha senior analyst Lucy Hu stated, "The rebound in Bitcoin prices indicates a more optimistic view of the short-term macro environment. The market is inspired by Trump's choice of vice presidential candidate, suggesting there will be a friendlier cryptocurrency policy."
"Bitcoin may hover around the 120-day moving average line. There might be momentum for the price to rise to $68,000 or even $70,000. However, we need to continue closely monitoring Federal Reserve policies and the impact of Mt. Gox," added Hu. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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