Bitcoin is showing resilience, aligning with global market trends rather than just crypto-specific events. It's maintaining a stable correlation with traditional markets like equities and gold, reinforcing its role as a macro asset. It's also drawing institutional attention via ETFs, bolstering its market presence. 📈

Bitcoin's recent rebound is backed by solid trading volumes, hinting at a robust market recovery. However, expect a 'slow grind higher' rather than a swift bounce back, says Arthur Hayes, ex-CEO of BitMEX. 📊

Coinbase's experts highlight the influence of macroeconomic factors on the crypto market. With potential easing of quantitative tightening and interest rate adjustments by the U.S. Federal Reserve, investors are anticipating more liquidity and lower borrowing costs, favoring risk assets like Bitcoin. 🌐

The next Bitcoin halving in 2024 is expected to tighten the supply of new Bitcoins, historically triggering a price increase. This could continue to support Bitcoin's price in the run-up to and post-halving. 🚀

Analysts predict a positive Bitcoin performance in upcoming quarters, driven by reduced supply post-halving and favorable macroeconomic conditions. They recommend integrating Bitcoin into diversified portfolios as a resilient asset that can yield high returns. But remember, expect a gradual climb, not a rapid surge! 🧗‍♂️ #Bitcoin #CryptoNews