Bitcoin price always collects at least 50 % after the appearance of these two models

Main meals:

• Bitcoin tends to gather greatly when lower leverages fiscal leverages are stronger than expected and federal federal reserve signals.

• In three separate periods for 7 weeks, bitcoin increased by 50 % to 84 %.

• The speeches coming from the President of the Federal Reserve, Jerome Powell, can benefit from the price of bitcoin.

Bitcoin (BTCPrices are often linked to inflation concerns of investors or data that exceed economic growth expectations, yet clear signals to an imminent rare gathering. However, a mixture of three historically independent events coincided with BTC prices increasing by 50 % or more.

Big Bitcoin gatherings occur when the US Federal Reserve Policy expects, the financial leverage in the encryption market is low, and strong retailer supports upward momentum. The last of these three events witnessed Bitcoin prices from $ 40,000 to $ 73,500 in seven weeks in early 2024.

Similar gains were registered in early 2023, when they carried out the same three drivers, paying bitcoin from $ 16,700 to $ 25,100 over seven weeks. A third example dates back to July 2021, and its climax reached an increase of 76 %.

Bitcoin has gained 84 % from January 25, 2024 to March 13, 2024

After the recession near $ 43,000 in December 2023, the Bitcoin price tested the level of $ 48,000 in early January 2024. The failed interruption followed a sharp decrease to $ 37,800 by late January, just as the upward trend began for seven weeks. The decisive factor at this stage was exceptionally low Futures financing rateSitting 4 % a year.

There were other factors that affect price reflection are retail sales data in the United States for the month of December 2023, which was issued on January 17, 2024, exceeding expectations, as it increased by 0.6 % per month compared to the prediction by 0.4 % and US Federal Reserve Chairman Jerome Powell on January 31, 2024, indicated by AA, More strict financial positionWith no immediate discounts in the interest rate on the horizon.

Bitcoin gained 50 % from January 3, 2023 to February 20, 2023

Before this gathering, Bitcoin united less than $ 18,000 for two months, which led to the minimum demand for long positions learned, as evidenced by a semi -zero -future financing rate.

The scene turned on January 3, 2023, when the bank financing rate on Binance increased to 50 % within four days. This coincided with the stronger retail sales data expected for the month of January 2023, which increased by 3 % month to the month, which exceeds consensus by 1.9 %. It is worth noting that the President of the Federal Reserve Powell also proposed a more strict monetary policy to combat inflation during his speech to Sveriges Riksbank on January 10, 2023.

Bitcoin 76 % Rally: July 20, 2021 – September 7, 2021

From July 20, 2021, to September 7, 2021, Bitcoin gained 76 %. Bitcoin fell from $ 40,000 to less than $ 30,000 during the previous month, which reduced market morale. Suddenly, the annual bitcoin financing rate jumped from 0 % to 37 % in two weeks, while US retail sales data in June 2021 surprised the economists with an increase of 0.6 %, although the consensus predicted a decrease of 0.4 %.

During this period, Powell’s comments at the Jackson Hall Economic Symposium on August 27, 2021 indicated a possible decrease in the purchase of the central bank assets, which was a step aimed at this Switch.

Related to: “On the edge” of the collapse

Bitcoin upcoming the next possibility

The common thread that connects these important gatherings is a decrease in the forecasts of the federal reserve policy and the initially low demand of Bitcoin. When these factors coincide with strong retail data, they create perfect conditions for Bitcoin Bull, where traders tend to stay cautious before potential economic contraction.

Looking at the future, the Federal Reserve Chairman is scheduled to speak on June 18 after the interest rate of the central bank. The additional main dates include the Beige Book on July 16, and the Jackson Hole’s economic symposium will be starting from August 21. Monitor US retail data for May 17, and for July 15, it will also be important.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.