LuisLizama

BTCUSD still technically driven but w/ correlation with the FED

Long
BITFINEX:BTCUSD   Bitcoin
I believe the next big bull movement will coincide w/ the federal reserve cutting rates if it does occur
BTCUSD is still very technically driven, but will be less so as the market develops over time.
We have seen a strong growth in correlation between central bank decisions and political news on BTC.
A recession will more than likely drive BTCUSDn up, but I believe ALTS will likely benefit more.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.