Bitcoin has regained $62,000, analysts say the worst times may have passed

Ben Simpson, founder of the encrypted education platform Collective Shift, stated that with the end of Germany's "forced sell-off" and Mt. Gox's repayment almost priced in, analysts believe a relaxed macro environment will be the driving force for Bitcoin prices in the coming months. He believes that Jerome Powell's hint at possibly lowering interest rates in the near future, SP 500 hitting new highs, and a large amount of funds returning to Bitcoin ETFs are all beneficial for Bitcoin.