Bitcoin Price Upside Expected in 10 Days Based on U.S. Macro Conditions
Bitcoin may be on the verge of a price surge in the coming days, as United States macro conditions are set to support a return to BTC price upside. Financial commentator Tedtalksmacro has been closely tracking the correlation between BTC price action and U.S. Federal Reserve liquidity, and his analysis suggests that a turnaround could be imminent.
According to Tedtalksmacro, there is a strict correlation between BTC price action and Fed liquidity conditions, which has been consistent for several months. He pointed out that liquidity is expected to bottom out in the next 10 days before rising again, potentially leading to a significant price increase for Bitcoin.
A chart from Tedtalksmacro’s proprietary macro data resource, Talking Macro, illustrates how BTC price highs and lows align with peaks and troughs in Fed liquidity. Even Bitcoin’s recent all-time high of $73,800 in mid-March coincided with a liquidity spike, highlighting the importance of these macroeconomic factors on the cryptocurrency’s price movements.
In addition to the potential price surge, there are also expectations for a new wave of institutional interest in Bitcoin in the third quarter and beyond. U.S. wirehouses are anticipated to gain access to spot ETF products, which could further solidify Bitcoin’s position as an institutional heavyweight investment class.
As investors eagerly await these developments, it is important to note that this article does not contain investment advice or recommendations. Readers are encouraged to conduct their own research before making any investment decisions.
