"Bitcoin Maintains Seasonal Range... Rebound Expected on Potential Fed 'Dovish Pivot'"

As some signals of interest rate cuts are being detected within the U.S. central bank, the Fed, an analysis has emerged suggesting that the possibility of further increases in Bitcoin (BTC) is growing.

On the 27th (local time), virtual asset management firm Matrixport stated in its weekly report, "The Fed's recent dovish (preference for monetary easing) stance change is moderately supporting Bitcoin's rise."

The report noted, "Chair Jerome Powell delivered somewhat hawkish (preference for monetary tightening) remarks at the FOMC meeting on the 18th, but within less than a week, the majority of Fed officials have expressed a more dovish stance," adding, "If the timing of future rate cuts becomes clearer, the effectiveness of a buy-the-dip strategy will increase."

Matrixport also mentioned recent geopolitical variables. The report pointed out, "Right after the U.S. military conducted an airstrike on Iran, Bitcoin temporarily dropped as low as $98,532," and "This range acts as both a technical support and a critical inflection point; if the lower bound is broken, the chances of a summer correction increase." However, it added, "So far, this support is holding, and a seasonal range-bound pattern is being observed."