Many factors contribute to Bitcoin's upgraded trajectory to the $ 100,000 target. One of them is growing ever clearer: the US Federal Reserve
reduces the dollar interest rate and strengthens the battlefield
The latest US Federal Reserve moves may inadvertently induce Bitkine to return to new heights in 2019 with a renewed impulse. On 19 June 2019 Jerome Powell, the Federal Reserve Chairman, announced the decision to keep the reference rate for federal funds within the target range of 2.25% to 2.5%.
In reviewing the statement, financial experts noticed that the FOMC has made several changes to its policy. The most appropriate is the term "patient", which has been replaced with a policy language promising to "keep a close eye on the impact of incoming information on the economic outlook."
As a result, retail investors are already betting that the Fed will cut rates soon after July, putting the dollar under pressure.
Investors believe that lowering the Fed's price would boost battles and gold to higher levels. For example, according to CNN digital correspondent Paul La Monica,
This is considered positive for both the bitch and the gold, which are seen as alternative currencies that must be united when central banks take action
In addition, Bitcoin's central bankers' point of view can shift from a negative to a more positive outlook.
Last week, Federal Reserve Chairman Jerome Powell and his colleague, Governor of the Bank of England, Mark Carney, said central banks "should look at battleships and other open minds," La Monica writes.
In addition, Carney has made it clear that he prefers to impose strict control. At a conference organized by the European Central Bank in Portugal on cryptobultures, Carney said: "Everything that works in this world will be immediately systematic and will have to be subject to the highest standards of regulation"
Regulations , according to La Monica, will bring benefits to the crypto markets by smoothing Bitcoin's volatility and helping to further strengthen Bitcoin's legitimacy in global financial markets.  The gold and the dollar, the other key factor affecting the financial markets and Bitcoin, in particular, is, as the Fed claims, "uncertainty."
Given the ongoing Brexit cataclysm, the China / US trade war, the demonstrations in Hong Kong, and the increasing tensions in the Middle East, gold and battleship move to the forefront as safe haven assets
. $ btcusd is experiencing its fourth parabolic phase, dating back to 2010. No other market in my 45-year-old trade has parabolically crossed the chart in this way. Bitcoin is a market like no other. 22 June 2019
Thus, from the time of writing, gold reaches a five-year high , to $ 1,400. And Bitcoin broke through the 11,000-dollar stand within 24 hours after crossing the 10,000-dollar barrier. What are your thoughts on the possible FED price cuts and the recent rise in Bitcoin prices? Tell us on the comments section below!
Images via Twitter / @ PeterLBrandt, Reddit