$BTC C IS STILL VERY BULLISH! WHY?
I know this question is on everyone’s mind. Interest rates are rising, global crises continue so why is #Bitcoin going up?
It’s not normal to attribute this to a single reason! Because everyone already knew interest rates were going to rise.
This wasn’t something significant or unusual that needed to be analyzed.
When everyone is expecting a drop, that’s exactly when you see it happen. Of course, it wasn’t going to drop.
The day people lose hope and close their short positions that’s when the drop will come.