Reserve Dollar

United

Bitcoin

Read

Reserve

<div class="code-block-grte code-block-grte-8" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>Bitcoin’s recent drop has led to the liquidation of leveraged long bets. However, one analyst believes this could be an opportunity to accumulate, based on historical patterns of pullbacks followed by impressive recoveries.</li> 
 <li>The analyst shared a chart indicating that Bitcoin is within historical retracement ranges, which usually precedes a sharp price increase.</li> 
 <li>Despite the current bearish outlook, some analysts remain positive, citing the United States Federal Reserve’s reduction of Quantitative Tightening (QT) runoff as a potential boost for Bitcoin prices.</li> 
</ul> 
<p><strong>As Bitcoin’s price drops, one analyst sees an opportunity to accumulate, citing historical patterns of pullbacks and recoveries. Despite bearish outlooks, some remain positive, citing the Federal Reserve’s reduction of QT runoff as a potential boost for Bitcoin prices.</strong></p> 
<h2 id="strong-time-to-load-the-bitcoin-dip-strong"><strong>Time To Load The Bitcoin Dip?</strong></h2> 
<p>The analyst shared a chart indicating that Bitcoin is within historical retracement ranges. Whenever this happens, prices tend to bounce back sharply, much to the relief of holders. Solid data back this assessment. The analyst said that since Bitcoin bottomed at $15,500 in 2022, there have been four distinct pullbacks, all within the -20% to -23% range. For the savvy, the trader continued, each of these downturns presented an opportunity to accumulate at a discount.</p> 
<h3 id="strong-shrinking-spot-etf-inflows-united-states-federal-reserve-turns-dovish-strong"><strong>Shrinking Spot ETF Inflows, United States Federal Reserve Turns Dovish</strong></h3> 
<p>Though optimism reigns, the possibility of BTC crashing below the $52,000 and $50,000 support levels cannot be discounted. This outlook, though b... <a href="https://en.coinotag.com/seize-the-bitcoin-btc-opportunity-analysts-optimistic-as-federal-reserve-adopts-dovish-stance/">Read the full article for FREE at COINOTAG!</a></p>

Seize the Bitcoin (BTC) Opportunity: Analysts Optimistic as Federal Reserve Adopts Dovish Stance

Table of Contents

COINOTAG NEWS

Other articles published on May 2, 2024

U.S. Senators Highlight Iranian Crypto Mining as National Security Threat

Here’s Why Investors Lean Towards Solana, BNB and Option2Trade During Crypto Market Unpredictability

Build on Bitcoin (BOB) Launches Mainnet for Bitcoin DeFi

Massive SHIB Transfer Raises Concerns As Analyst Forecasts Bullish Breakout for Shiba Inu

Bitcoin Dominance Likely Peaked as Altcoins Awaken: Analyst

AXL Cryptocurrency Sees Strong 24-Hour Surge

Join our free newsletter for daily crypto updates!