Looking at the weekly chart of $BTC, it's hard to say that the upward trend has been broken. Additionally, the RSI has also entered the oversold zone. I believe that in May, the US midterm elections will trigger the economy, the FED chair will change, and more aggressive steps than announced will be taken regarding interest rate cuts. I compare this process to the Covid period a bit. As you remember, the Covid crisis was overcome with the money distributed to citizens by Trump. Today, I believe Trump will make similar moves to strengthen his position in the midterm elections and will take steps to stabilize the markets.
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Looking at the weekly chart of $BTC, it's hard to say that the upward trend has been broken. Additionally, the RSI has also entered the oversold zone. I believe that in May, the US midterm elections will trigger the economy, the FED chair will change, and more aggressive steps than announced will be taken regarding interest rate cuts. I compare this process to the Covid period a bit. As you remember, the Covid crisis was overcome with the money distributed to citizens by Trump. Today, I believe Trump will make similar moves to strengthen his position in the midterm elections and will take steps to stabilize the markets.