Analysts expect bitcoin to reach $ 28,000

Cryptocurrency market experts have made a forecast for the price of the flagship cryptocurrency bitcoin (BTC) for the next week. They noted that the value of the virtual asset could reach the $ 28,000 price mark before the Federal Reserve officials hold their next meeting.

According to official data, Fed members will meet on July 26 and 27, 2022. The event will discuss the issue of raising interest rates due to the rising global inflation rate. If the organization’s representatives decide to raise rates by 0.75%, it will be the third time this year.

According to analysts, such measures will definitely affect both traditional and cryptocurrency markets. According to them, the fact that bitcoin and ethereum have recovered their price levels above $ 22,000 and $ 1500 has become a positive signal and has aroused interest from industry experts and traders who remain optimistic.