Is the Bitcoin Rise Just a Relief? Caution, the Price Could Quickly Reverse! - Coin Bulletin

The Fed's decision to keep interest rates steady has pushed Bitcoin to $87,000, while analysts are warning investors that things could quickly turn the other way.

The value increase of Bitcoin and cryptocurrencies after the Federal Reserve's ( interest rate decision is being evaluated by market experts as a "relief rally". The cryptocurrency market is trying to recover after severe sell-off waves following the last five weeks.

Augustine Fan from SignalPlus stated in an interview with CoinDesk that the market's recovery is a temporary relief until more information on economic data is obtained. Fan said, "The markets are trying to stabilize after five consecutive weeks of stock sell-offs. For now, the market is waiting for the release of more solid economic data,".

BTSE COO Jeff Mei expressed a similar view. Mei noted that the market sentiment has been very weak in recent weeks, stating, "Powell's relatively neutral speech and the absence of negative comments have led to an increase in cryptocurrency prices,".

Mei emphasized that there are no new taxes or tariffs that will create a significant shock effect in the markets. However, pointing out that the uncertainties in the market can change rapidly, Mei advised investors to be cautious and indicated that there may be periods of volatility in the coming weeks and months.