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Analysts say central banks will expand liquidity in the near future, opening the door for Bitcoin price to make a push toward new all-time highs.<\/p>\n
Bitcoin’s (BTC) 7% decline saw the price drop from $88,060 on March 26 to $82,036 on March 29 and led to $158 million in long liquidations. This drop was particularly concerning for bulls, as gold surged to a record high at the same time, undermining Bitcoin\u2019s \u201cdigital gold\u201d narrative. However, many experts argue that a Bitcoin rally is imminent as multiple governments take steps to avert an economic crisis.<\/p>\n
The ongoing global trade war and spending cuts by the US government are considered temporary setbacks. An app<\/a>arent silver lining is the expectation that additional liquidity is expected to flow into the markets, which could boost risk-on assets. Analysts believe Bitcoin is well-positioned to benefit from this broader macroeconomic shift.<\/p>\n Source: <\/em>Mihaimihale<\/em><\/a><\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n