Seeking Alpha
2022-04-06 16:15:33

Bitcoin: Set To Sustain Its Momentum

Google search terms had a clear influence on Bitcoin's recent price rally.The asset's returns are now more correlated to the Nasdaq than inflation.The macroeconomic environment could support another Bitcoin rally.Momentum has proven time and time again that it can prevail, and Bitcoin has entered a momentum pattern.The main risk is that Bitcoin's influencing variables change often, thus making analysis subjective at times.

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