Bitcoin Price Is Facing A ‘Pump And Whack’ Ranging Market

The Bitcoin price has responded to yesterday’s release of the FOMC Minutes with a brief bounce to $16,990, only to revert back to the previous range of around $16,800 shortly after, within 30 minutes. And this trend could continue in the weeks and months ahead. Macro analyst Alex Kruger stated:
Welcome to the 2023 Pump and Whack ranging market. Markets pump on falling inflation, and the Fed whacks it.
The analyst based his opinion on a series of tweets from the chief economics corresponden