BTC Narrative Shift as FOMC Looms; Mid-Cycle Correction or Bull Trap?
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On June 17, 2026 ahead of the FOMC decision and Kevin Warsh’s speech traders flagged that hawkish or dovish signals could swing risk assets like Bitcoin. Since December 2025 bullish narratives have shifted, with some framing the current crypto drawdown as a typical 50% correction and prompting doubts about a new BTC ATH soon.
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- Bitcoin ATH narratives have shifted repeatedly since December 2025, with some bulls now describing the current drawdown as a typical 50% correction.
- This may stem from a belief that the current cycle remains intact despite macroeconomic headwinds.
- Trader TedPillows questioned how long it would take for BTC bulls to realize they are wrong and no new ATH is coming soon.
On June 17, 2026, ahead of the Federal Open Market Committee (FOMC) interest rate decision, trader @TedPillows highlighted the importance of Kevin Warsh’s speech. He noted that any hawkish or dovish signals could influence risk assets like Bitcoin (BTC). Ted highlighted how bullish narratives have shifted over recent months as market participants continued to anticipate a new Bitcoin all-time high (ATH).
Bitcoin Bulls Shift New ATH Narratives from Dec 2025 Through 2026
Bitcoin hit its all-time hi…
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In This News
Coins
$ 64.11K
-0.32%
$ 0.00439
+1.11%
$ 0.0044
+0.89%Funds
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In This News
Coins
$ 64.11K
-0.32%$ 0.00439
+1.11%$ 0.0044
+0.89%Funds
Predictions Markets
See what traders are focused on
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