#BTCBreaks99K
It seems that the bear market hasn't kicked in yet.
The Growth rate indicator is turning back into bullish territory, while $BTC is reclaiming the critical $100 000 threshold.
It looks similar to what happened in June 2020, a sort of fake-out triggered by specific conditions.
⚠️ The Trump administration brought significant stress to the markets, largely due to its aggressive stance on both political and trade fronts.
This factor made market behavior more erratic, something we can observe even more clearly today :
Even though the Fed clearly stated yesterday that caution is still warranted, the fear of missing out on the rally now seems to outweigh the fear of further downside.
This can notably be explained by all the headline-driven effects, like the one we saw today (“You should buy stocks now”), but also by the fact that Trump is starting to pursue trade deals with various countries, such as the agreements made today with the U.K.
👉 It’s possible that traditional market dynamics will continue to be disrupted for some time, making the current environment particularly difficult to read.
