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As you may already know yesterday we received some good news regarding the hike rates that lead to a trend reversal and a little rally. However, Powell as always made a dovish speech trying to calm the market. As you can see in the chart above, BTC is in a clear uptrend trying testing $64K resistance. If it achieves it I wouldn’t be surprised if it tests $70K resistance in the coming weeks. The clock is ticking, FED is getting out of time to do things right and avoid a recession. US elections are also closer. Lot of bullish things for the market are adding telling us that a bigger rally could come in the coming months. The only bad news I can feel around are war news regarding Iran, etc. but I have the feeling that somehow they talked under the curtains to avoid escalation. Bigger Bull Run on the Horizon?Disclaimer: The concept and ideas in this post come from my own thoughts and everything I’ve seen online during my three years in crypto. Any resemblance is purely coincidental. submitted by /u/kirtash93 |
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