With unlimited QE introduced by the FED, isn't this the exact reason why BTC was created? Bitcoin is supposed to represent order in chaos, and with the entire world being chaotic due to COVID-19, this would be the perfect storm for BTC to perform, no?
The Bitcoin Halving is 49 days away, only time will tell how Bitcoin as a financial experiment will play out.
The RSI on a 5 year chart is around 33, and last time BTC traded in that area on a 5 year chart was in late Nov / Dec 2019, which is the RSI level BTC stuck in a Macro bottom & went into another bull market.
The Bitcoin Halving is 49 days away, only time will tell how Bitcoin as a financial experiment will play out.
The RSI on a 5 year chart is around 33, and last time BTC traded in that area on a 5 year chart was in late Nov / Dec 2019, which is the RSI level BTC stuck in a Macro bottom & went into another bull market.
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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.