Institution: Bitcoin may rebound from low levels.

The current trading price of Bitcoin is around $59,000, a level last seen in 2024. Despite expectations of a more hawkish stance from the Federal Reserve putting pressure on Bitcoin, long-term holders are not unfamiliar with this situation. Matt Mena of 21shares pointed out that Glassnode's accumulation trend score is very high, which was last seen during the FTX-related sell-off abyss in 2022 and the market crash during the COVID-19 pandemic in 2020. "Bitcoin subsequently increased by 36 times and 8 times from these lows," Mena said. If the upcoming government report is weaker than expected, Mena believes Bitcoin has a path to rise to around $67,000; if the US-Iran conflict is resolved persistently, there is further room for Bitcoin to rise.