The speech of Jerome Powell was very good and today it gives a huge heart to the investors. The focus was mainly on inflation numbers, which are at 2.9%.
Jerome Powell said that they are expecting some good progress on inflation. This means that if inflation numbers are lower on February 12th, then we can expect the interest rates to decrease in March.
The news is good, but if the region holds strong, then the points we’re sitting on in February will stay stable which means a good momentum can be seen during the net month.
So, the news is good, Bitcoin is bouncing back, but there will be short-term volatility, with positions moving up and down, so be careful with liquidations. Eventually, Bitcoin will stabilize at a certain point, so you can build positions comfortably if you're in Swiss build projects. These 3-4 projects will do well.
THANK YOU!
