For more than 200 days, Bitcoin has been at "highs", but it is not falling. This has never happened in history. Just like the credit window that the USA now has.
At the moment, Bitcoin has tested the reverse side of the global bull flag, which I reported in my posts. And it even broke the ATH!
What do we have now from the economy? This is a huge, unprecedented "Federal Reserve discount window". In simple terms, how much more money the USA can inject into the market. And injecting money leads to rising prices for everything, including food, technology, the stock market, and Bitcoin too. I will present, for example, a chart of S&P500 (SPX) (the main index of the USA, in simpler terms) [See images]
You can flip through and look at 2008, 2019, and 2023. Note the growth that occurred after those years and the growth that is just beginning now. All this is because the USA printed money to support the market:
2008 - saving the market after the stock market bubble - printing and injecting money.
2019 - salvation from COVID, people are losing jobs - printing and injecting money.
2023 - salvation from the banking crisis - people are withdrawing money (their deposits) from banks - printing money to provide liquidity to banks.
Gold has already moved almost $800, while it took about 200 years to rise to the price of $2000, and here in less than a year, it shoots up another $800.
On what fuel is all this growing? On the fuel from the US printing press. And that's a good thing :)
We still have a decision on the interest rate and inflation data ahead. A decrease in the rate leads to cheaper money, loans, and allows businesses and the economy to develop faster (including crypto market projects), which leads to increased purchasing power and a gradual rise in prices for everything, including markets.
When inflation reaches "unpleasant" values, the rate will be raised again, money will become more expensive, inflation will slow down, and markets will cool off. And this will happen "forever".
@fraxover
