Cryptocurrency analyst Jamie Coutts believes that while Bitcoin has reached all-time highs, the deteriorating liquidity environment could limit the duration of the rally. He warns investors to be cautious, citing the bearish crossover of the Bitcoin Macro Sentiment Indicator as an indicator of continued bearish momentum. Coutts suggests that Bitcoin performs best when liquidity conditions are favorable and outlines two potential scenarios for its short-term trajectory. He also notes that the Federal Reserve is aware of the tight liquidity conditions and may take measures to ease them, potentially leading to a short-term pullback before the next rally. However, he emphasizes that this information should not be taken as investment advice.



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