In the latest episode of The Market Report, Marcel Pechman discusses why Bitcoin is currently hovering around $27,000 and how the macroeconomic situation is crucial for a potential breakout. The show also examines Joe Biden's comments about crypto traders being tax cheaters.
Pechman believes that the upcoming U.S. Federal Reserve decision on June 14 is unlikely to be the trigger for a breakout. Additionally, the show speculates about an imminent Bitcoin breakout towards $29,000, but Pechman notes that the current situation is different from the bullish breakout in early April.
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