As you know, BTC has been rebounding at an impressive pace, setting new all-time highs as well as correcting strongly in a Lateralization that prepares the Prelude to the Halving so long awaited by all of us, but having said that there is uncertainty despite the bull market that is taking place. It has been happening and these uncertainties are marked more than anything by the STATEMENTS from the Fed.
In those statements Lorena Mester, President of the Cleveland Fed, made the situation worse (source: cryptotemdencia.com). Now the Analysts think that during the next May meeting of the Federal Open Market Committee there will be no rate cut, this being the situation responsible for the decline of the markets.
What do we do in that case? I think for us that means Opportunity to Accumulate more BTC
As published by Crypto Tendencia on Coinmarketcap ETFs will continue to guide Bitcoin's push
The current Bitcoin bull market is entirely tied to the influx of institutional capital via spot ETFs. In that sense, it is expected that the inflow of institutional funds will continue in the coming months. The latter become buying pressure for BTC and other currencies.
If we add to this the issue scarcity effect of the halving, the result is an inevitable price increase in the future. In this way, the short term seems marked by a predominantly bullish trend with brief bearish interruptions like the current one. These sudden stops are profit-taking by large investors after reaching certain objectives. #CryptoTrend