Bitcoin Recovers... What Next?

From tickmill.com

Following a sharp correction lower after breaking out to fresh highs last week, BTC futures bounced off lows yesterday and have now recovered around 50% of recent losses. The driver behind the move was the drop we saw in the US Dollar in response to the March FOMC. The Fed stuck to its guns in forecasting 3 rate cuts this year, despite some speculation of a potential hawkish shift. With fresh focus put on expected easing, USD looks likely to move lower near-term, particularly if we see inflation resume its downward trend. Against this backdrop, Bitcoin prices should remain supported as risk assets continue to ... (full story)