At the beginning of last week we expected a slightly different development: Bitcoin was to update ATH and continue the upward trend. Instead, however, there has been a backsliding of up to $50,000. The main cryptocurrency is now traded in a wide range between $57,000 and $52,000. Let’s try to figure out what the BTC is waiting for next week.
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In the previous week, there were slightly different expectations from the main cryptocurrency. We saw the end of the correction, but the continuation of the rally did not happen. It has been suggested that this Bitcoin price movement was related to the performance of Fed head Jerome Powell. Investors are waiting, because it could have had a big impact on the movement of the price of digital gold. We will not focus on it, but it is worth noting that there have been many important statements. Based on this, it is possible to make a small forecast of further BTC movement for the next 7 days.