Bitcoin performs as directed with a bounce at $40,700 targeting late shorts.
"Still consolidating inside its macro Re-Accumulation range. In fact, $BTC is almost at the very same price point at which BTC bottomed on the September retrace."
Macro commentaries regarding stricter economic policy from the United States Federal Reserve meanwhile continued., concerns focused on crypto markets' ability to thrive in an atmosphere without the extent of"easy money" availability, which has characterized the economy since March 2020. "Crypto diehards about to find out if it really was bubble: Rock-bottom rates & trillions of dollars in CenBank money & govt stimmy helped turbocharge prices of digital assets," markets pundit Holger Zschaepitzon course $40k w/flat CenBank balance sheets."What difference a year makes
Further similarities came in the form of BTC/USD exactly matching its position from the same day one year ago Saturday. A key difference, however, lay in sentiment.