Because ETFs have a significant impact on #BTC, their correlation with U.S. stocks is relatively strong. We are still in a bull market cycle, but previous supportive comments from Trump regarding cryptocurrencies and the hawkish statements from the Federal Reserve have suppressed the rise of Bitcoin.
Bitcoin has support at 92,000, but it has not formed an effective reversal and may drop to 90,000. Since it has come down, it needs time to digest the previous bubble.
The altcoin season is really about to arrive!
