Bitcoin poised to skyrocket after this consolidation phase
Bitcoin, ranging between $116,000 and $120,000, exhibits potential for an imminent surge. Amid increasing public debt and expansive monetary policies, a bullish rally appears likely.
Bitcoin Consolidation Signals Upward Pressure
For several weeks, the Bitcoin price has remained confined within a narrow range, fluctuating between $116,000 and $120,000. This apparent stability actually conceals bullish tension. Experience shows that the longer a financial asset consolidates in this manner, without significant variation, the greater its potential for a future breakout.
The current economic situation, characterized by increasing government debt and expansionary monetary policy, seems conducive to the continued rise of Bitcoin. Despite former US President Donald Trump’s past attempts to reduce public spending, the strategy ultimately shifted toward rapid economic stimulation at the expense of fiscal consolidation.
Ideal Conditions for a New Bull Run
In this context, the American economy displays certain robustness, with stable growth, a dynamic job market, and spending-happy consumers. These elements are favorable factors for maintaining Bitcoin’s bullish momentum. Barring a sudden economic reversal, a new surge in Bitcoin seems imminent. Savvy investors would do well to position themselves now to capitalize on this upcoming rally.
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Simon Dumoulin
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
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This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
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