The QE Ghost Haunting Bitcoin Since 2019
The toughest truth in crypto history is this: $BTC has a structural dependency on global liquidity.
Since the 2019 consolidation phase, Bitcoin has consistently failed to break and hold above the critical mid-range of its historical channel without the explicit, massive intervention of Quantitative Easing (QE). This isn't just coincidence; it’s a direct reflection of risk-asset pricing in a tightening cycle.
We are currently observing consolidation, but the necessary macro catalyst—the return of the money printer—remains absent. This liquidity drought is the ceiling. Until central banks pivot and inject the stimulus required to flood the system, the true parabolic impulse for $BTC and $ETH will likely remain capped. We are waiting for the macro environment to confirm the next cycle, not start it.
This is not financial advice. Consult a professional.
#MacroAnalysis #CryptoHistory #Bitcoin #Liquidity #QE
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