After the hawkish statements of the Fed chairman, Jerome Powell, that interest rates will remain stable for now, but that two more rate hikes will be made this year, Bitcoin, which has fallen sharply, fell below $ 25,000.
BTC is at $ 24,940 at the time of writing.
Bad news came from veteran analyst Peter Brandt while investors were waiting for BTC to rise now.
Peter Brandt, who warned investors about the decline, stated in a new post on Twitter that the direction of Bitcoin may be down for now.
It is not clear whether Brandt meant the short term or the medium term with the word now, stating that the direction is only down for now.
Hinged to downside for now. https://t.co/cn9o2PHlvN pic.twitter.com/xItTCyAVmc
— Peter Brandt (@PeterLBrandt) June 14, 2023
While Peter Brandt warned of a drop in Bitcoin price, BTC dominance reached its highest level in the last two years.
*Not investment advice.
