BlackRock Director Reveals “Most Important” Factor For Next Bitcoin Rally

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CryptoNewsNet2026/06/23 12:06

By:CryptoNewsNet

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BlackRock Director Reveals “Most Important” Factor For Next Bitcoin Rally

coingape.com 11 h

BlackRock Director Reveals “Most Important” Factor For Next Bitcoin Rally image 1

BlackRock Managing Director, Robert Mitchnick, now points to U.S. fiscal conditions as the main reason that could lead to the next Bitcoin price rally.

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The Nasdaq 100 Index is approaching the lower boundary of its months-long consolidation range, with futures breaking below the uptrend line and the 100-day moving average, signaling technical weakness. Hedge funds had previously made substantial purchases of tech stocks, leading to concentrated positions that amplify downside risks. AI safety controversies and energy supply risks now serve as dual catalysts. If key support levels are lost while market panic remains subdued, volatility may be subject to a reassessment.

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