The Bitcoin course with the new ATH – at night managed to break the level of USD 122,000. Is this not the end of growth?
The bitcoin course is growing
Although the vacation season should mean cooling the situation on the market, it happens differently: the Bitcoin course broke the level of USD 122,000, thus the bulls were drawn on the chart of Nowe ATH. Currently, the situation looks like this:
Why is the bitcoin course growing? There are many indications that this is the result of purchases of ETFs and institutions, and fewer retail investors. Where did this conclusion come from? Just look at the Google Trends data. Interest in the slogan “Bitcoin” in the search engine is visible, but it is relatively low. Especially against the background of what is happening on the market.
There are many indications that we are therefore in the long -announced Hoss institution. At least so far. But what will happen next?
The Fed will decide
Increases can soon be obtained by a strong foundation in the form of a Fed decision: firstly, in the second half of the year the central bank authorities will already cut interest rates – this is due to the last minutes, which will be good for risky assets, including BTC and Altcoins.
Jerome Powell’s decision may soon be shaken by the market. As I wrote yesterday at Bitcoin.pl, information appeared that he could give up the position of the head of the Fed. This is all the more likely because this shocking message was given on the government’s website, not a private editorial office. His potential successor will be chosen by Donald Trump, who demands more aggressive foot cuts. Stronger cuts and potential loosening (reprint) can drive the bull market even more.
Fed Watch Tool data shows that without Powell’s departure, we will have two cuts of 25 PB.
Only Trump remains a threat to growth, which can exacerbate the customs war again. On the other hand, the markets have ceased to react strongly to his words – he recently threatened the customs tariffs of another group of countries and it did not help the bear, on the contrary – we see increases.
