As Fed Rate Pause Comes into Play Analysts Hint That Bitcoin (BTC) May Repeat Its 2019 Performance

“Reflecting back on 2019, the Fed concluded its rate-hiking cycle and entered a seven-month pause. During this period, Bitcoin experienced a dramatic price rally, surging by an impressive 325%,” Markus Thielen, head of analysis and technique, mentioned in a word to shoppers final week. “In line with our outlook, it’s highly likely that the Fed concluded its rate-hiking cycle in July 2023.”