Bitcoin Price Continues To Consolidate Sideways, Awaiting What the Fed Will Announce Today. The current uncertainty will end in a few hours.

The price of Bitcoin continues to consolidate by moving sideways. The $46k-$52K area is where Bitcoin has been moving since the leverage flush of December 3 to 4, 2021.

Fear remains, and many investors forget that the price of Bitcoin is up +60% since the beginning of the year.

The price of Bitcoin never moves in a straight line. Volatility is part of the game, and the price of Bitcoin moves in successive upward waves interspersed with more or less pronounced corrections.

We are currently 30% below the ATH of November 10, 2021. There is nothing to be worried about, as this is nothing extraordinary in the world of Bitcoin.

The reasons to be worried totally vanish if you look at the fundamentals of Bitcoin, which are excellent. The on-chain data is bullish for what lies ahead.

The current distortion between the price of Bitcoin and its fundamentals is due to the current uncertainty. Markets hate uncertainty, and Bitcoin is no exception.

Everyone is waiting for what the Fed will announce in a few hours. Once Jerome Powell puts this uncertainty to rest, the price of Bitcoin can resume its rise as I explain in detail in the latest issue of In Bitcoin We Trust Newsletter: https://inbitcoinwetrust.substack.com/p/bitcoin-price-continues-to-consolidate