💥✨️💥 Bitcoin Could Hit $70K If the Fed Does Nothing - Is This the Turning Point? 🧐

Bitcoin recently formed its first bullish RSI divergence since late last year, while $BTC is still trying to hold above the key $60,000 area. So why are traders suddenly paying attention?

The first reason is technical. Bitcoin made a new price low below $60,000, but the RSI stayed above its previous low. That usually means selling pressure is weakening, even if the price chart still looks uncertain.

🔹 By the way, with volatility starting to return across BTC and $ETH, don’t forget that WhiteBIT’s Influence Trade Battle is still running. The futures tournament, held with TradingView and supported by Tether, has 17 squads competing for a pool of up to 50,000 USD.

And this renewed volatility is exactly why the bigger picture matters. Macro investor Jordi Visser believes Bitcoin may be near the bottom of its yearly range. He still sees a possible drop toward $50,000 or even $45,000, but expects BTC to trade above $100,000 within a year.

Now the key factor is the Fed. Markets are still pricing in a possible rate hike on July 29, but Visser believes policymakers would rather keep rates unchanged. If they skip the hike, Bitcoin could quickly move back above $70,000.

So is this bullish divergence the start of Bitcoin’s next major recovery, or will the Fed push BTC toward one more painful low first? 👀

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