“The four most dangerous words in investing are: ‘This time it’s different.'”
- Sir John Templeton
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BTC has been trading in the ascending channel for more than five weeks. The price momentarily surpassed $38.4k before dropping down after failing to establish a solid ground to accelerate gains. It recovered on increased expectations that interest rates have peaked and will begin to fall as early as next March.
Lower rates should benefit BTC by making riskier trades like tech stocks and tokens more appealing than in a higher-rate environment, where returns on risk-free government securities are elevated.
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