Is the Bitcoin Rally Over? Fed and Liquidity Pressures Continue
Bitcoin, which hit 80,000 last week, is around 73,500 $ today. Oil fell and the stock market recovered, but sell-offs in tech stocks also affected BTC.
We’ve fallen below the 76,000 support level. I think going long is risky until this level is reclaimed.
The source of the pressure: the Fed’s interest rate policy + ongoing liquidity problems.
My expectation: pressure may continue in the short term, but I’m still positive in the long term. It’s important not to be swayed by short-term movements.
Full video: https://t.co/LPwz739MCn
This is not investment advice.
#bitcoin #btc #crypto #fed #fedinterestrates #liquidity #cetinfinans
Bitcoin, which hit 80,000 last week, is around 73,500 $ today. Oil fell and the stock market recovered, but sell-offs in tech stocks also affected BTC.
We’ve fallen below the 76,000 support level. I think going long is risky until this level is reclaimed.
The source of the pressure: the Fed’s interest rate policy + ongoing liquidity problems.
My expectation: pressure may continue in the short term, but I’m still positive in the long term. It’s important not to be swayed by short-term movements.
Full video: https://t.co/LPwz739MCn
This is not investment advice.
#bitcoin #btc #crypto #fed #fedinterestrates #liquidity #cetinfinans