Forecasts for BTC to USD
### BTC/USD Outlook:
The BTC/USD exchange rate is likely to decrease as it is currently near recent lows and well below its 90-day average. This drop is primarily driven by evolving market conditions and price volatility.
#### Key drivers:
- Rate gap: Bitcoin operates within a decentralized framework, lacking a central bank, while the US dollar, backed by the Federal Reserve's policies, has been receiving capital inflows due to interest rate hikes.
- Risk/commodities: Oil prices show volatility, contributing to overall market uncertainty, which can pressure the US dollar and subsequently affect Bitcoin prices.
- One macro factor: Recent strong US economic indicators have increased confidence in the dollar, adding further stress to Bitcoin's position.
#### Range:
BTC/USD is likely to drift within its recent fluctuations, showing limited upward movement as it navigates the current volatility.
#### What could change it:
- Upside risk: A shift in market dynamics favoring cryptocurrencies could spark renewed interest in Bitcoin.
- Downside risk: Any escalation of US tariffs that impacts global trade relationships could exert additional downward pressure on Bitcoin.
