Is Bitcoin bullish or nah? Here is what is really going on with BTC price By Cointelegraph

Is Bitcoin bullish or nah? Here is what is really going on with BTC price

Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve.

Apparently, such a move would prove that the Fed’s only available option is to print into oblivion, further diminishing the value of the dollar and enshrining (BTC) as the world’s future reserve asset and ultimate store of value.

BTC price action before and after FOMC events. Source: Jarvis Labs
Bitcoin Yardstick metric. Source: Glassnode and Capriole Investments
BTC 1-week MACD. Source: TradingView