I have covered in this post what could be the BTC cycle top. Interesting it looks like in October. Many people said that February is typically a bullish month for Crypto. Not so far !! We were in a similar price point in December 16th of 2024.
This drop is clearly Geo Political risk. AKA the Trump tariffs both Canada and Mexico have retaliated against those policies. Could this escalate ? I mean it seem that it will continue on and that prices will surge for the products the US imports from both Canada and Mexico.
Interestingly enough this could push for rates to come down aka Trump can pressure the Fed to drop rates. Which again is inflationary and not good for people in general but good for the Crypto Markets.
We are witnessing a massive liquidation in longs and BTC dominance also surged. As of the writing of this post we are rebounding slightly from the lows of just under 91K.
February can be a make it or brake moment for the crypto markets.
This drop is clearly Geo Political risk. AKA the Trump tariffs both Canada and Mexico have retaliated against those policies. Could this escalate ? I mean it seem that it will continue on and that prices will surge for the products the US imports from both Canada and Mexico.
Interestingly enough this could push for rates to come down aka Trump can pressure the Fed to drop rates. Which again is inflationary and not good for people in general but good for the Crypto Markets.
We are witnessing a massive liquidation in longs and BTC dominance also surged. As of the writing of this post we are rebounding slightly from the lows of just under 91K.
February can be a make it or brake moment for the crypto markets.
My name is Crypto Andy and I am crypto trader and enthusiast.
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.
My name is Crypto Andy and I am crypto trader and enthusiast.
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.