Read on the Market"Add a hawkish FOMC, potential US-Iran escalation and midterms that look set for a Democratic victory, | Hanami
Read on the Market
"Add a hawkish FOMC, potential US-Iran escalation and midterms that look set for a Democratic victory, and BTC still fell only marginally more than the Nasdaq. It’s still holding above the 50 week moving average that currently sits at 75.5K.
The first few months after a midterm have historically been choppy to slightly bearish for BTC, but it has been higher 12 months later every time. Cautious optimism is the approach we’re taking.
History favors BTC on a 12-month horizon, but expect near-term volatility, especially if the war escalates and the AI trade keeps weighing on risk assets."