International_Leeroy

Bitcoin Rebounding After Yellen Bond Buy Backs

Long
BYBIT:BTCUSDT.P   BTCUSDT Perpetual Contract
Bitcoin has rebounded from 56k up past 60k, to 65k, and is currently retesting. After the Iranian/Israel/Gaza tensions, there is a chance we could see a short squeeze, or a bear trap. Yellen announcing buybacks could buoy markets. In addition, hot inflation can pump currencies and hard assets such as silver, gold, and bitcoin. Worries over a slowing econcomy continue to weigh on equities, however, there is evidnce that we see little slowdown in corporate earnings despite recent up ticks in unemployment. Until we see a measurable slowdown in earnings, it is likely that the bull rally will continue, especially with expected liquidity due to come in may through yellen, and in jun through Powell. Inject me daddy.

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