Bitcoin Stumbles as Trump-Powell Feud Heats Up – Q3 Rebound Primed for Takeoff
Bitcoin takes a hit amid political fireworks between former President Trump and Fed Chair Powell – but smart money's already positioning for a monster Q3 rally.
Here's why the dip won't last...
The orange coin got caught in the crossfire of dueling economic ideologies this week. While politicians play chicken with monetary policy, institutional wallets are quietly loading up.
Key levels to watch:
- $58K support held like a champ during the selloff
- Futures open interest suggests big players are accumulating
- Miner outflows at 6-month lows (they're not selling)
Meanwhile in TradFi land: hedge funds still can't decide if crypto is an inflation hedge or a risk asset. Maybe try flipping a coin?
The stage is set for a textbook summer rally. When Wall Street realizes Powell's stuck between Trump's tweets and stubborn inflation, that liquidity firehose will point straight at crypto.
Pro tip: The 'smart money' is usually just the first dumb money to get lucky. But this time, the charts agree with them.
