Quote from: posi on Today at 10:24:54 AM

As far as I understand in their meeting last night, they did not mention whether they will stop raising rates or will start lowering rates in June, everything is still unclear and they will make a decision depending on the situation economic situation. Inflation is still high so I doubt they will cut rates soon. Due to the recent collapse of banks, they will not be in a hurry to raise rates but will instead increase them slowly and possibly keep rates unchanged until inflation actually falls below 2%. It is difficult to predict what will happen to bitcoin and the economy in the coming months.

If I'm not mistaken, the FED has raising its key interest rate by 0.25 and that's why the price seems to go down below $28k. But we have bounce back to high of $27,700, so I guess the price will continue to rally again this month and could $28k again.

June is just like a couple of months from now, and with that way the bulls are taking control of the market, then it's possible that with or without this kind of outside influence from the FED, the price will continue to grow to $30k.