- As the U.S. dollar finds itself in a rather unfortunate state, the rising optimism surrounding cryptocurrencies has bestowed upon Bitcoin a rather bullish disposition, at least for the moment.
- The current cooling of leveraged trading in the crypto realm has set the stage for a delightful rally, one that may very well surpass the lofty heights of $111.9k.
In the midst of a rather tumultuous relationship between the United States and the European Union, the greenback has been feeling rather weak against its global counterparts. In this light, the cryptocurrency market, with Bitcoin (BTC) at the helm, has emerged as a most appealing refuge for investors seeking to shield themselves from the uncertainties of the macroeconomic landscape. Who knew digital coins could be so charming?
Since the rather controversial Doland Trump administration took the reins earlier in 2025, three states—New Hampshire, Arizona, and Texas—have gallantly approved strategic Bitcoin reserve bills in both their esteemed senate and House. In a mere six days, Bitcoin’s investment products have attracted a net cash inflow of approximately $2.3 billion, as reported by the ever-reliable CoinShares. Quite the impressive feat, wouldn’t you agree?
With the CME futures and options markets leaning decidedly towards a bullish sentiment, it appears that BTC is poised to enter the euphoric phase of the 2025 crypto bull run. One can hardly contain their excitement! 🎉
Bitcoin Price Expectations in the Midterm
In the span of a single hour, BTC has been ascending within a parallel channel since it hit a local low of approximately $74.8k earlier in April. Alas, just this week, BTC was met with a rather rude rejection at the upper border of this rising channel and now seems to be signaling a descent towards the lower border. How very dramatic!
Moreover, the 1-Hour MACD line has taken a rather unfortunate plunge below the zero line, with the histograms growing increasingly bearish over the past two days. Oh dear, what a turn of events!
In the daily timeframe, BTC has been following a rather familiar fractal pattern reminiscent of the Q4 2024 bullish breakout. Should BTC manage to consistently close above the upper border of the established rising channel in the days to come, a delightful rally towards $140k shall be inevitable. However, should it fail to maintain its composure and close below the lower border, we may witness a resurgence of bearish pressure, potentially dragging it back down to $74k. Such is the fickle nature of fortune!
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2025-05-23 23:11