So...now that the bitcoin price has some ties to the stock market due to ETFs and companies getting involved it may react at times to the same things the market reacts to in the short/medium term.
One thing I have been keeping my eye on that most people aren't talking about is this:
https://www.msn.com/en-us/money/markets/fed-to-end-covid-19-capital-break-it-gave-wall-street-banks/ar-BB1eL21ABack around September things got a bit crazy.
Every bank must have on hand at the end of the night, X amount of dollars to cover their accounts. In order to ensure that they comply with this regulation there is a simple loaning structure where if a bank is a bit low that night they just borrow it to cover the amount.
One day it happened that many banks did not have enough funds and thus the interest for the loans shot up over 10%. An unprecedented amount, usually it's less than 1%.
The Fed stepped in and ended the regulation temporarily. Banks did not need to keep reserves to cover their accounts until an undisclosed future date.
That date has arrived. At the end of the month the change expires and banks have to go back to how they were.
This is making the market nervous...what will happen on April 1st? Nobody knows. Will the banks have enough to cover their accounts?
Any rally will likely be postponed until April 1st as everyone waits.
Biden is coming in like a knight in shining armor promising to blow $3 trillion on some bullshit so bitcoin isn't going away any time soon.
It is like the amateurs football team playing with professionals counting only the times they kicked the ball 
