CandleFocus Most Bullish on Crypto in Months: Top Analyst on Two Macro Triggers for Rally
2024-09-28
Author: Content Editor
Cryptocurrency analyst Qiao Wang believes that the current macro conditions are favorable for a cryptocurrency rally. He points out that both the US and China have started easing cycles, which involve large-scale purchasing of securities to lower interest rates and increase the money supply. Wang also mentions that the charts are looking good, with Bitcoin gaining almost 10% in the past month. However, he notes that market sentiment is still in disbelief, suggesting that the rally may take a few more months to occur. The potential easing measures in both countries are seen as powerful catalysts.
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