Bitcoin typically experiences substantial price increases, often between 50% and 84%, in response to a combination of low leverage levels and strong retail sales data. Macro influences, particularly from the Federal Reserve, play a crucial role in BTC’s price dynamics.
Looking forward, speech by Fed Chair Jerome Powell on June 18 and retail sales data will be critical in shaping market sentiment regarding Bitcoin. Notable past surges highlight the significance of these conditions for potential BTC upswings.
Leave a Reply