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While #Bitcoin❗ and high finance are awaiting the US PCE inflation figures and the results of the legislative elections in France, we are now 67 days after the 4th #halving of #BTC and the market remains in sideways transition between $56,000 and $73,000. What is missing to finally consider exiting from the top of this range and entering into price discovery?
The intransigence of the American Federal Reserve (FED) regarding the outlook for its monetary policy, combined with uncertainty regarding a possible resurgence of the sovereign debt crisis in #Europe after the French legislative elections are 2 factors which combine and keep BTC in the lateral phase that it has been developing since its historic record of last Wednesday, March 13.
In the meantime, the 4th halving of #BTC took place and we are now 67 days after this crucial “monetary” event for the underlying trend of Bitcoin.
67 days and still nothing, not the slightest trace of the bull run, nothing seems in sight even with a powerful telescope. Many investors express their disappointment. However, they are wrong.
