Bitcoin correction may likely continue due to the $1.9trillion stimulus relief fund being awaited to be passed by the US Potential Treasury Secretary Janet Yellen to the senate for immediate approval.

Although, investors are looking at the possible way this fiscal stimulus relief package could help in economic recovery as Bidens plans to have the US citizens vaccinated as soon as possible even though that may take alot of sacrifice and hard work to accomplish it within his next 100days in office.

Spending Big with lower interest rates could also signify a stronger Dollar in the near term. Further evaluation stipulates that with the whole reactions lately regarding to the new administration and the future of Cryptocurrencies we may have to keep our eyes close to the market structure and potential key support and resistance levels as to know when to take profits and exit the market or for good entry points.

The US Markit Preliminary Manufacturing PMI and President Joe Biden’s speech could possibly show an insight to which direction to follow as the uncertainty of both the stock market and Cryptocurrency seem to be in a mixed reaction, hopefully with Bidens speech and his views on the economy and the Corona virus pandemic with a possible solution on how to curb the virus from making more damages, we could see strong moves From next week.

Bitcoin recovered with a gain of about 7.7% after the US Dollar index made some corrections.

Bitcoin traded with a 24H Volume of about $71,512,537,008 as at the time of this report and is currently trading at $32,000 -$34,000 range.