{"id":80531,"date":"2023-06-21T10:30:25","date_gmt":"2023-06-21T07:30:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80531"},"modified":"2025-09-11T17:33:13","modified_gmt":"2025-09-11T14:33:13","slug":"nansen-outlines-conditions-for-bitcoins-bull-rally","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nansen-outlines-conditions-for-bitcoins-bull-rally\/","title":{"rendered":"Nansen outlines conditions for Bitcoin&#8217;s bull rally"},"content":{"rendered":"<p>For a renewed bull market in Bitcoin, regulatory clarity in the United States and a sustained decline in underlying inflation are required. That was the conclusion reached by analytics firm Nansen.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Read <a href=\"https:\/\/twitter.com\/Aurelie64475602?ref_src=twsrc%5Etfw\">@Aurelie64475602<\/a>&#8216;s latest macro update on resilient growth and stubborn inflation<a href=\"https:\/\/t.co\/k4HE1njKGu\">https:\/\/t.co\/k4HE1njKGu<\/a><\/p>\n<p>\u2014 Nansen ? (@nansen_ai) <a href=\"https:\/\/twitter.com\/nansen_ai\/status\/1671152029484593152?ref_src=twsrc%5Etfw\">June 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Aurelie Barter, a researcher, noted in the report that central bank narratives and market narratives are changing: the recession scenario is pushed back, and the foreground is taken by &#8216;sticky&#8217; inflation.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This creates nonlinear effects, as monetary policy (outside Asia) remains more restrictive and, in turn, becomes a growing constraint on risk assets,&#8221; she wrote.<\/p>\n<\/blockquote>\n<p>At the same time, shallow pullbacks in Bitcoin and lower implied volatility of cryptocurrencies suggest that many regulatory and macroeconomic negatives are already priced in, the analyst said.<\/p>\n<p>On <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-falls-below-26000\">June 10<\/a>, the price of digital gold <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-falls-below-26000\">fell below the $26,000<\/a> level. This followed the filing of lawsuits by the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> against leading Bitcoin exchanges <a href=\"https:\/\/forklog.com\/en\/news\/sec-files-suit-against-binance-and-changpeng-zhao\">Binance<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/sec-files-suit-against-coinbase-exchange\">Coinbase<\/a>. The price <a href=\"https:\/\/forklog.com\/en\/news\/fed-keeps-key-rate-bitcoin-briefly-slips-below-26000\">began to recover<\/a> after the <a href=\"https:\/\/forklog.com\/en\/news\/how-the-feds-policy-rate-affects-cryptocurrency-prices\">federal funds rate<\/a> target range was kept by the <a href=\"https:\/\/forklog.com\/en\/news\/how-the-feds-policy-rate-affects-cryptocurrency-prices\">Federal Reserve<\/a>.<\/p>\n<p>On <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-clears-30000-as-market-cap-tops-1-2-trillion\">June 21<\/a>, Bitcoin briefly rose above $29,000. It had tested this level in late March. In CNBC&#8217;s poll in the same month, influential industry players demonstrated bullish sentiment, up to Bitcoin reaching $100,000 by year-end.<\/p>\n<p>Earlier, MicroStrategy founder Michael Saylor <a href=\"https:\/\/forklog.com\/en\/news\/michael-saylor-forecasts-a-multi-fold-rise-in-bitcoin-thanks-to-regulation\">forecast a multi-fold rise in Bitcoin<\/a> thanks to regulation. In his view, the actions of the SEC lay the groundwork for the next bull phase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For a renewed Bitcoin bull market, regulatory clarity in the United States and a sustained decline in underlying inflation are required. That was the conclusion reached by analytics firm Nansen.<\/p>\n","protected":false},"author":1,"featured_media":80532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1145,1648],"class_list":["post-80531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-market-analysis","tag-nansen"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=80531"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80531\/revisions"}],"predecessor-version":[{"id":80533,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80531\/revisions\/80533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/80532"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=80531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=80531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=80531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}