Bitcoin (BTC) has once again fallen into familiar territories, trading below the $30,000 mark, with investors closely monitoring its subsequent price trajectory. In the coming weeks, the asset’s valuation could be significantly influenced by upcoming macroeconomic news, such as the Federal Reserve interest rate decision.
In this line, according to prominent pseudonymous cryptocurrency analyst FieryTrading on TradingView, in a post on July 22, investors should expect increased Bitcoin volatility this weekend. However, he remains optimistic about the long-term bullish sentiment for the leading cryptocurrency.
He noted that despite Bitcoin’s failure to break through the $31,000 position, the long-term bullish trend remains intact.