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Frumentarii
Jul 20, 2023 10:52 AM

Bitcoin for the test of time Short

Bitcoin / TetherUSBinance

Description

We having multiple mixed economic signals, but taking all the noise out, we can see that US economy will be facing a recession, M2 at the lowest says a recession is coming, today we having jobless claims, inflation came lower than expected, but higher than last one, J.POW will increase the rate hikings, and Muricans are saving lower cash than ever...
This may lead to a economic crisis, we had banks crashing early this year as well.

For Bitcoin keep going up we need a really good scenario, since we having accumulation period for the halving, we are not in a bull market yet, but people calling for 40keks a single coin are delusional at this point.

do not buy the top!


cheers!
Comments
averkie_skila
Nice arguments.
Frumentarii
@averkie_skila, unwinding could start today with this trillion dollar notional options expiry... people have to chill over Hamptons
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