BTCUSD Buy Part 2
With the positive sentiment in the market there seems to be a very probable continuation of the bull market, and with unemployment at it's lowest wages will be likely to increase and spending will increase as well. This could further push the value of bitcoin higher however with the English bank disusing rising interest rates there exist the possibility of the market drooping. This is quite easy to understand since the increase in interest rates would decrees the influx of money into the economy which would deflate the price of products, however with concern about inflation given the unemployment statistics the market is still likely to rise.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.