Exploring how Bitcoin’s price can benefit from the macro trends in 2024

Analysts expect a range breakout, but they disagree on when it might happenrallied by 7.5% to tap $66,000 on the price charts following the release of lower-than-expected key U.S inflation data. The positive reaction to cooler inflation data is part of Bitcoin’s broader movement following major macro events, including Fed rate expectations.on the same, referring to Bitcoin as a ‘macro’ asset.

He went on to add that the market will react to anything that affects liquidity, including quantitative easing, reduction in balance balances, or Fed rate decisions.the stronger correlation between BTC and macro events, especially Fed rate decisions, intensified recently after flows into new U.S spot BTC ETFs dried up.

“The GR Multiplier did a great job in Bitcoin’s adoption phase. We’re now entering a new phase ”The GR multiplier gauges short and long-term price projections based on Bitcoin’s adoption curve and market cycles. “Bitcoin is coming to the end of its Adoption growth phase and entering a more mature phase, integrated into global markets. See recent Bitcoin ETF’s as evidence.”

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