@erghyerhg
Bitcoin has retreated to the level before Fed Chair Powell's dovish remarks. To restore the bull market outlook, it needs to return above the specific high of $117,400. The possibility depends on multiple factors. Positive factors include continuous dovish policies by the Fed, increased institutional investment, and improved market sentiment. Negative factors such as stronger - than - expected economic data leading to a halt in the dovish trend, or new regulatory measures on cryptocurrencies, may reduce this possibility.
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