#Bitcoin, FED Rate Rises, US Inflation index & Key moments
For me, The FED interest Rate raise had little Direct effect on BTC PA
What DID have bigger impact were the effects on companies like LUNA and FTX ( though that was very possibly Always going to Crash) - the increase in Loan repayments being the Cause of instability and so people got cold Feet
BTC PA is nearing the point of a full recovery from these Company crashes
The REAL Crunch comes When the FED do decide to Pivot, Which Powell has suggested, may not be Till next year.
Pivots have historically brought Markets Down shortly after
Next year we have #Bitcoin Halving, habitually a time of Large Price rises for Bitcoin, leading to ATH
TradFi and Crypto are at War, literally.
Will the FED, ( The DXY support Group) try and use the Pivot to keep BTC price down ?
Or will they be too late ?
I honestly cannot wait to find out and personally, I think they Will but they Will Fail, COMPLETELY
For me, The FED interest Rate raise had little Direct effect on BTC PA
What DID have bigger impact were the effects on companies like LUNA and FTX ( though that was very possibly Always going to Crash) - the increase in Loan repayments being the Cause of instability and so people got cold Feet
BTC PA is nearing the point of a full recovery from these Company crashes
The REAL Crunch comes When the FED do decide to Pivot, Which Powell has suggested, may not be Till next year.
Pivots have historically brought Markets Down shortly after
Next year we have #Bitcoin Halving, habitually a time of Large Price rises for Bitcoin, leading to ATH
TradFi and Crypto are at War, literally.
Will the FED, ( The DXY support Group) try and use the Pivot to keep BTC price down ?
Or will they be too late ?
I honestly cannot wait to find out and personally, I think they Will but they Will Fail, COMPLETELY