Bitcoin’s price (BTC) turned down from just above the $41,000 mark on June 15, suggesting that traders are halting their purchases at higher levels. Traders seem to be hesitant to take large bets until the U.S. Federal Reserve releases its latest economic projections and the timeline of the proposed rate hikes today.

However, Jurrien Timmer, the director of global macro at Fidelity Investments believes that Bitcoin has bottomed out.

Another positive sign comes from a Q2 retail investment…