QCP Capital experts reported that the potential change in the policy of the US Federal Reserve (Fed) and new stimulating measures by China and Europe can cause an increase in the cost of bitcoin after correction.

According to analysts, bitcoin volatility indicators decreased, since the price remains in the range between $ 80,000 and $ 85,000. At the same time, the first cryptocurrency continues to demonstrate a negative correlation with traditional protective assets, such as gold.

“The current situation in the Bitcoin market is characterized by a temporary stagnation and decrease in volatility. The decision of the Fed on rates will be an important signal for the further direction of price movement. Jerome Powell’s statements and specific formulations in the press release can become a trigger for both growth and to continue the correction of the coin, ”the report said.

According to experts, the global changes in the distribution of capital and geopolitical tension create a difficult background for investors in high -risk assets. The course of the Donald Trump administration to reduce the deficit also complicates the prediction of further dynamics of cryptorrhoids, but Bitcoin retains the chances of raising the cost in the medium term.

Earlier, Cryptoquant said that over the past month large investors have accumulated over 65,000 bitcoins, which indicates increasing pressure from the market participants.