Over the past day Bitcoin has held strong above $71k, and is starting to place some bullish pressure into the yellow zone. BTC could start moving into the yellow zone, and needs to break through $73.2k to start the bull run. Canada and Europe have pivoted this week, and their Fed pivot is early because inflation is still increasing in their countries. This is raising concerns about fiat currency, which could be a positive narrative for Bitcoin has a hedge against devalued fiat currency. Canada and Europe’s pivot is perceived as a desperate move because these countries had to pivot early to avoid causing more harm to their economies.

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