A weakening US economy and Fed rate cuts set the stage for Bitcoin’s next move, but, onchain data shows a fragile bull market missing retail demand. Could it return by fall?
Key takeaways:
Bitcoin spent the week fighting to hold above $107,000, but exchange inflows remain at historic lows as retail investors choose to sit on the sidelines.
Stagflation becomes a real risk as US growth slows, but Fed rate cuts could fix the situation and supercharge Bitcoin price.
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