Bitcoin investors seem emboldened by Fed Chair Powell noting he has "no intention" of banning crypto and SEC Chair Gensler replying the same when asked about a ban, noting "No, that would be up to Congress". Given Bitcoin is only about 14% away from its all-time high of $63.4k and that it has a 20% correction every 40 days (on average), we will likely wait for a pullback or a break to new highs before upgrading.
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