From Investing.com: 2024-05-14 16:30:21

Crypto analyst Ali Martinez predicts a bullish trend for Bitcoin as the TD Sequential indicator signals a buy on the hourly chart. Current price sits at $61,800, still 20% below the all-time high. Federal Reserve Chair Powell remains optimistic about the U.S. economy, emphasizing steady growth and tight labor market conditions. Powell stresses the need for patience with inflation and maintains support for tight monetary policy measures. Despite higher-than-expected inflation figures, Powell’s confidence in the economy remains strong.

Read more at Investing.com: Buy Bitcoin Signal Emerges as Jerome Powell Delivers Strong Economic Outlook By U.Today