Hi HODLers, Hiveans and Lions,
Bitcoin has been quite boring recently but this might be a good thing! After reaching an all-time high in March, $BTC has been steadily declining.
As Charles Edwards, founder of crypto hedge fund Capriole Investment said in a Twitter
"Bitcoin is in the 'bore you to death' phase,"said in an X post earlier this week.
He expects this consolidation tolast for anywhere between one to six months, with a Bitcoin rangebound with low volatility until market participants lose their patience.
Analysts and investors are looking at the FED messaging as:
The Federal Reserve announced plans to curb the pace of its balance sheet run-off starting next month, which would impact dollar liquidity positively benefitting risky assets such as cryptocurrencies that are sensitive to the global liquidity environment.
We just have to wait for the FED to start printing again and we are golden :D.
Until then,Stay safe out there,
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Posted Using InLeo Alpha
Posted Using InLeo Alpha
Bitcoin has grown a lot in the last year, practically if one had never invested in Bitcoin and had done so only a year ago they would have made almost 100% profit. I must admit that I too didn't really believe that this could happen. I would say that after having reached new highs, a period of sales like this is always sure to happen.