ich1baN

BTC: Biden Announces Infra Bill Passed - Trillions in Spending

Long
ich1baN Updated   
BITSTAMP:BTCUSD   Bitcoin
Biden just announced 5 mins ago that the Infrastructure Bill has bipartisan support and will pass a vote on House floor today. This means that trillions of capital have just been unlocked and this means the money has to be printed out of thin air - this is real velocity of money - expect the DXY to continue its trend lower and BTC to trend higher and likely test the $44k trendline before a retracement.

DXY - Immediately sells off when Biden announced that the infra bill has bipartisan support in Congress:

Comment:
Powell just stated they will run inflation hot until Max Employment is achieved. He said in last meeting Max Employment is when Unemployment is at 3.2% ... current Unemployment rate is 5.8% .... long way away still
Comment:
There is a bearish hanging man candle on 1H timeframe - something to be aware, might get a short term downswing before going higher:


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