BTC price outlook for the remainder of February. What's Next?
Following a strong start to the month, bitcoin prices have since plunged, resulting in a current bear run.
However, last week’s rate hike which was a 25 basis point move, was followed up by a significant increase in non-farm payrolls, which confused markets. Payrolls came in at 517,000 vs expectations of 185,000, leading to many questioning the Fed’s view that we are in a disinflationary cycle. With macro elements confusing investors, the crypto industry saw more bearish sentiment when the U.S. Securities and Exchange Commission Following this, markets have mostly moved lower, with previous bulls consolidating gains from earlier in the month.
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