The BTC price broke $70k 🥳

in H4LAB Research9 months ago

1000012916.jpg

Source: Binance exchange

I didn't expect that the BTC(Bitcoin) price recorded a new ATH(All Time High) before the next BTC 4th halving 🤯 It seems that it's inevitable movement of this cycle's bullish market.

1000012918.jpg

Source: CME FedWatch Tool

The market participants anticipate the 1st Federal Funds rate cut will be starting June, this year. If yes, it's gonna be good for most assets. 2022 was the most terrible year during the last decade with respect to market profits. 2023 is better. But, I think 2024 is much better than 2023.

By the way, it seems the pace of this cycle for the crypto and the 🇺🇸 stock markets are much faster than expected. The uncertainty is coming Nov, this year. It's supposed to proceed the 🇺🇸 president election. Be cautious and don't forget the market collapse can turn out at any time.

2 years ago, I couldn't expect this market would recover so fast.

Sort:  

This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab

Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex