Macroeconomic factors and centralization concerns are putting pressure on Ethereum's price post-Merge.
Jerome Powell is lengthening economic pain by refusing to raise interest rates at the necessary pace. It’s time to rip off the band-aid.
In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC.
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
A set of technical indicators see Bitcoin price ending its prevailing bearish cycle.
In a recent Twitter Space, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics.