BTC 160K in July
Simple fractal from last year summer doldrums on the the BTC chart.
Once we corrected to the 200 SMA (current spot) , a 2 month bottom consolidation followed and after 2 months, BTC reached all time high. That is my thesis going forward and it bodes well with the US new administration typical down turn within the first 100 days of taking office. Fed still tightening, rates still high, etc
Congruent also with a shift to an increase in global liquidity and lower rates incoming towards the summer, as the US economy is now showing obvious signs of weakness.
My 2 cents.
Once we corrected to the 200 SMA (current spot) , a 2 month bottom consolidation followed and after 2 months, BTC reached all time high. That is my thesis going forward and it bodes well with the US new administration typical down turn within the first 100 days of taking office. Fed still tightening, rates still high, etc
Congruent also with a shift to an increase in global liquidity and lower rates incoming towards the summer, as the US economy is now showing obvious signs of weakness.
My 2 cents.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.