Can Bitcoin’s Fed-driven phase repeat its 2024 pre-election rally?

Bitcoin (BTC) may benefit from the current weak market sentiment, which historically signals potential price increases. Analysts, including Quinn Thompson, forecast favorable conditions for BTC to replicate an explosive rally seen in November 2024.

Despite the caution in trading, the bearish inclination from Crypto Twitter could prove incorrect. Data reveals that extreme sentiment shifts could foretell major price movements, suggesting traders should remain vigilant and consider potential opportunities.

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