Bitcoin is breaking critical levels. Market sentiment is back. Warm

According to market data, Bitcoin (BTC-USD) has surpassed critical levels, with current prices above the 7- and 30-day moving average, showing signs of an increase of 1.5 per cent over the past week. The main driving factor was lower-than-anticipated inflation data in the United States, which significantly reduced the market ' s expectations of the Fed ' s hawk policy. In addition, the transfer of approximately $244 million of seized bitcoin from United States Government-related wallets to Coinbase Prime gave rise to speculations about possible sale, although officials indicated that this might be just routine custody management. Bitcoin rebounded from a low point of $58,559 on 30 June, at about 11 per cent, and recovered the 30-day moving average line. Market analysts are assessing whether this is the beginning of a reverse or a rebound in a larger downward trend。