Bitcoin Price Set To Rally As Macro Backdrop Is Perfect
Jake Simmons
16 Mar 2023 11:30 AM
As the banking crisis has spread from the United States to Europe, Bitcoin may find the perfect macro environment for a major price rally....
- Bitcoin may experience a major price rally due to the current macro environment.
- The Fed needs to reduce its aggressiveness in raising interest rates due to the economic slowdown and turmoil in the global financial system.
- Stocks are not attractive given declining sales and high price-to-earnings ratios.
- Bonds offer a mediocre yield and R/R profile.
- The US dollar, euro, and other fiat currencies are likely to become increasingly devalued.
- J.P. Morgan expects the Federal Reserve’s emergency lending program to provide $2 trillion in liquidity, which will reverse the Fed’s monetary tightening policy.
- Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks, and the Swiss National Bank will provide liquidity if necessary.
- The Binance spot order book shows a conspicuous abundance in the $22,500 to $24,000 range, indicating a strong Bitcoin rise could be imminent.
- The US unemployment figures will be released, which traders should keep an eye on.
The article has a positive sentiment towards Bitcoin, as it suggests that the current macro environment is favorable for a major price rally.
Related Questions
Why may Bitcoin experience a major price rally?
What is J.P. Morgan's expectation for the Federal Reserve's emergency lending program?
What is the Swiss National Bank's stance on Credit Suisse?
What does the Binance spot order book indicate about Bitcoin's price?
What should traders keep an eye on according to analyst Michaël van de Poppe?
Related Queries
Bitcoin
macro environment
Fed
interest rates
stocks
bonds
fiat currencies
J.P. Morgan
emergency lending program
Credit Suisse
Swiss National Bank
Binance
unemployment figures.
bitcoin
btc
credit suisse
fed
Macro