BITCOIN BULL RUN IMMINENT!
Get ready for a bull run! Despite Fed Chairman Jerome Powell's positive speech on the strong labor market and improving inflation, Bitcoin (BTC) plummeted from $63,800 to $60,600. However, this drop was not due to the content of his speech, but rather a knee-jerk reaction from mid-sized and large investors who withdrew their funds ahead of the speech, anticipating market volatility.
This correction was necessary, as BTC was due for a pullback after reaching new highs. The market cannot constantly go up, and this dip has created a buying opportunity. The good news is that July has historically seen significant BTC inflows from major institutions like Fidelity, BlackRock, and Vaneck, which will likely support the price.
These institutional investors have a significant stake in the US economy and will not let BTC fail. They are poised to push BTC to new heights. Do your own research (DYOR) and get ready for a potential bull run!