Bets on a Bitcoin rally and BTC price action designating the present range as its macro bottom are increasing. Bitcoin (BTC) reached $17,000 for the first time in 2023, surging alongside stocks and bonds in hopes that the United States Federal Reserve may moderate the pace of monetary tightening. “Price activity remains sideways and choppy generally,” Wyckoff says, implying that “traders are waiting for a spark to ignite more volatile, trending price action.”
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submitted by /u/themorning-crypto to u/themorning-crypto
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