Metalpha Analyst: Bitcoin's rebound indicates a more optimistic view of the short-term macro environment in the market

BlockBeats reports, on July 17th, Metalpha senior analyst Lucy Hu stated, "The rebound in Bitcoin prices indicates a more optimistic view of the short-term macro environment. The market is inspired by Trump's choice of vice presidential candidate, suggesting there will be a friendlier cryptocurrency policy."

"Bitcoin may hover around the 120-day moving average line. There might be momentum for the price to rise to $68,000 or even $70,000. However, we need to continue closely monitoring Federal Reserve policies and the impact of Mt. Gox," added Hu. (CoinDesk)