Bullish Bitcoin Despite The Price Action

And A Key Risk Factor

Bitcoin is stuck below $100,000. Nothing much is happening in terms of new fundamental information. No clear trend is emerging.

If that reminds you of the situation in mid-2024, you're not alone.

Yet when you look beyond the price action, conditions are generally bullish. There's just one key point of uncertainty.

Let's talk about that.

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Bullish Bitcoin Despite The Price Action

The Takeaway

Bitcoin remains in a mild bullish regime despite showing no clear price trend, an unusual pattern that typically resolves within 38 days.

Institutional sentiment is overwhelmingly bullish, with stable on-chain metrics and positive ETF flows supporting this view.

However, the combination of low unemployment and sticky inflation may force the Fed to maintain hawkish rhetoric, risking a sharp correction in the highly leveraged financial system.

Despite this risk, fundamentals support staying bullish.

Smooth Sailing In The Mild Bullish Regime