TechFlow news, Matrixport released a new report stating that there are significant discrepancies between the market's expected bull narrative, market structure, and fundamentals, which could lead to a consolidation period. Capital inflows into U.S.-listed Bitcoin ETFs have also dried up.
Despite this cautious outlook, the report expects a clear upward reaction in Bitcoin's price if Trump is re-elected, making this summer a favorable buying opportunity.
Current macro drivers support higher Bitcoin prices, as the Federal Reserve shifts toward a dovish stance and slows its quantitative tightening program. Ideally, Bitcoin’s price would decline to a technically solid level of $52,000–$55,000 before beginning the next rally.
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