HomeBitcoinBitcoin price could see a rebound within the next 10 days due...

Bitcoin price could see a rebound within the next 10 days due to increased Fed liquidity

-


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.

LATEST POSTS

Bitcoin ETF Inflows Reach $422.5M, the Highest in Six Weeks

Bitcoin ETFs See Surge in Demand as BTC Price Rallies The U.S.-listed exchange-traded funds tracking bitcoin's spot price are experiencing a surge in demand, with...

Despite Mt. Gox Payout Concerns, Bitcoin (BTC) Surges to $65K; Ripple’s XRP Leads Crypto Market Rally

Bitcoin Hits Four-Week High as Crypto Rebound Continues The crypto market is on fire as bitcoin (BTC) reached its highest price in four weeks, surpassing...

Do Ethereum’s smart contracts outperform those of its competitors?

Exploring Smart Contracts: A Comparative Analysis of Ethereum and its Competitors The Evolution of Smart Contracts: Ethereum vs Competitors Ethereum, created by Vitalik Buterin, has been...

DTX, a leading DeFi platform, unveils new privacy blockchain Render (RNDR) and welcomes Ripple (XRP) users.

Exciting Updates in the Crypto World: DTX Exchange, Ripple (XRP) Victory, and Render (RNDR) Rebranding Title: DTX Exchange Solves Traders' Problems, Ripple (XRP) Celebrates Legal...

Most Popular