Key takeaways:Bitcoin tends to rally significantly when low leverage meets stronger-than-expected retail sales and hawkish Federal Reserve signals. In three separate 7-week periods, Bitcoin rose 50% to 84%. Upcoming speeches from Fed Chair Jerome Powell could benefit Bitcoin price. Bitcoin (BTC) price rallies are frequently linked to investors’ inflation concerns or data that surpasses expectations for economic growth, yet clear signals of an impending rally are rare
source: https://cointelegraph.com/news/bitcoin-price-always-rallies-at-least-50-after-these-two-patterns-emerge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound