Interested to see what Bitcoin does from here. So much liquidity getting pushed out from the policies and moves by central banks, crypto wasn't the ultimate hedge against inflation.
Very interesting chart that pushes both the fear and greed in this asset class that amazes me. I have marked out potential capitulation levels I am expecting to get touched but am quite confident on a relief rally back to the 30ish level, should coincide with a rally in broad equity markets as there are divergences and oversold RSI reading on alot of different markets.
Bear market rallies of up to 30% aren't uncommon. they can really sucker investors in and the total capitulation wont hit until all the pain is out of retail and some investment funds imo. Sentiment is changing but people aren't throwing in the towel just yet.
Very interesting chart that pushes both the fear and greed in this asset class that amazes me. I have marked out potential capitulation levels I am expecting to get touched but am quite confident on a relief rally back to the 30ish level, should coincide with a rally in broad equity markets as there are divergences and oversold RSI reading on alot of different markets.
Bear market rallies of up to 30% aren't uncommon. they can really sucker investors in and the total capitulation wont hit until all the pain is out of retail and some investment funds imo. Sentiment is changing but people aren't throwing in the towel just yet.