but still the U.S influence is greater in the crypto market. If you look at the price of Btc now, it is under our resistance level, which only proves that the pump in the past is very weak.
Exactly, as China is using one country and two system mechanisms to get benefit from BTC (as their second system is Hong Kong) and recently i have also read too much good news coming from Hong Kong and other parts of the world. But still, as you said BTC is under value, Why? AFAIK, it's due to the current condition in the USA, and due to the campaign of dedollarization, the USA is facing some critical problems right now, no wonder they seem intentional but still they have a great impact on BTC price. Now the point is after China, impact making country is the USA on BTC.
And people (BRICS) are trying to reduce the involvement of the USA in national reserves control and in control on most used currency and still despite all of those efforts USA has made BTC so dependent on it that BTC is easily impacted by the politics of USA, and still, we call BTC as decentralized. (maybe i am taking things wrong). But, my point seems legit.
Which is, USA citizens will try to get as many dollars as possible, and other people (supporting BRICS) will try to use any other currency instead of it, such as currently they are using Yuan and when they will use it they will also end up like Russia with useless INR, And when that will happen and then the next currency will be selected to test out and when they will realize things are bad till then people who have accumulated dollars from then, will become richer and there will be high prices for dollars, and that country who have to pay the debt in US dollar will be in trouble which MIF wants, So, the overall point is this dedolarization is also impacting the BTC price and feds will never stop until 2024's first quarter to accumulate USD, so that they could gather as much BTC as possible till then and to accumulate BTC at a good price, BTC has to lower than $30k, which is happening. All of these FED increasing interest will never stop at least before the halving of BTC.
