After significant declines in cryptocurrency during November 2022, investors who bought during this period are beginning to realize profits, although a characteristic bull market rally remains elusive.
Impact of Global Liquidity and M2 Money Supply
Global liquidity and M2 money supply have reached new peaks. Countries such as China and those in the European Union are actively influencing the situation by injecting liquidity and cutting interest rates. However, the Federal Reserve remains cautious, keeping interest rates at current levels that do not align with inflation rates.
Expectations from Altcoin Investors
Altcoins showed a slight dip today amid discussions around new geopolitical and economic cooperation. A trade deal with China was finalized two days ago, potentially signaling favorable market conditions ahead. Investment analyst Sherpa shared views about SEI Coin movements, although his plans were disrupted by unforeseen circumstances.
> "I watched last night but didn’t buy SEI; I remain largely offline. My trading idea was to enter and exit at 50% from the 0.50 fib level and 50% from the 0.618 fib level, but being AFK, I couldn’t execute it. Enjoy your weekend."
Bitcoin Potential Analysis
Another market observer, Jelle, anticipates a rise in Bitcoin prices. He notes that recent weekly candle data reinforces a positive outlook for Bitcoin.
> "The weekly candle appears strong. One more trading day and weekend remain. Current state: trend breakout, retest, lows broken, candle signaling an ascent. What’s next? A rise."
The cryptocurrency market remains under close observation. The influence of interest rates and geopolitical changes may significantly impact the future direction of the cryptocurrency market.
