I love BTC and I am short/intermediate-term bullish however, if we are to see a true recession based on the 2y/10y bond yeild curve, there will be panic, crypto will dip with the stockmarket. Can we decouple from the traditional finance industry? Not until it genuinely breaks. This is happening slowly, but not today or this year. It is for this reason I think this rally is just a bear-market run higher rather than a new bull market.
I think when things really get ugly, btc price gets affected. 2024 is bull market so lets see if we run to ATH here or consolidate as we always have for longer than everyone would like.
Measured move not hit
Tradfi unwind not complete
Whether we have to make a new low Im not sure, but if we do its a generational long zone as I show. Time will tell.
I think when things really get ugly, btc price gets affected. 2024 is bull market so lets see if we run to ATH here or consolidate as we always have for longer than everyone would like.
Measured move not hit
Tradfi unwind not complete
Whether we have to make a new low Im not sure, but if we do its a generational long zone as I show. Time will tell.