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Crypto market watch: How far can ‘Trump Trade’ boost Bitcoin?

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Crypto market watch: BTC and ETH crypto options worth $1.8 billion are set to expire. Will BTC and ETH cool off before the next leg up?

Several positive catalysts are lined up. Will BTC climb higher?reclaimed the psychological level and previous range-low, partly induced by the Trump attack.

According to some market analysts, Trump’s pro-crypto stance could bolster the bullish scenario for BTC. For example, QCP Capital analystsTrump picking J.D. Vance as his Vice President provides another positive catalyst. Vance holds BTC, and we expect him to lobby for crypto-friendly regulations if Trump gets elected.”ETF, expected to occur on the 23rd of July, was another bullish catalyst. On-chain metrics also corroborated the bullish outlook.

The MVRV -Z score is a BTC market cycle top and bottom indicator. It has accurately predicted past market tops and bottoms .

 

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