These days, I was seeing several "specialists" who gave their opinion on the beginning of the Bull Run. Unfortunately I do not have the same expectations, since there were events that directly affected the market, so when it comes to taking them into account, clearly the movements of Cryptocurrencies were not similar to previous cycles.
Of all the events, there are three that are most interesting to highlight:
1) Approval of the#BTCETF.
After waiting several months, the approval of Bitcoin spot ETFs occurred. This caused the price to rise and set a new record for the Crypto with the highest market capitalization. However, after that FOMO that was created around the asset, the price corrected and is once again in a range waiting for the imminent bullish impulse.
2) New All-Time High.
After the approval of the ETF, Bitcoin experienced a strong bullish movement, thus marking a new all-time high for the asset of $73,000, but what stands out most about this movement is that it was the first time it happened before Halving.#BTChad similar movements, but they always occurred after the Halving event.
3) United States Economic Crisis and Presidential Elections.
Recently, US inflation was announced, the percentage of which was higher than expected, thus causing a slight drop in the market in various branches of the economy, which is why many people take refuge in the "new" reserve. of securities to avoid losing liquidity, which would be Bitcoin.
Also at the end of the current, the United States presidential elections play a very important role, since the Biden - Trump fight can increase the latent crisis in the population. Unfortunately, this event has worldwide consequences, since this country is one of those that sets the course in many global areas. If the crisis were confirmed, the price of the asset would skyrocket even more, because the population would have more confidence in the asset than in its own devalued currency.
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Greetings and success!!!
This is not investment advice, it is only my opinion after doing the respective technical and graphic analysis. Do your own analysis!!!
