Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Here is the ultimate irony though:
Once mass layoffs being in Jan/Feb and the MSM confirms that "We are *definitely* in a recession now!", all markets (including bitcoin) will rally.
Yep, rally. Makes total sense.
Once mass layoffs being in Jan/Feb and the MSM confirms that "We are *definitely* in a recession now!", all markets (including bitcoin) will rally.
Yep, rally. Makes total sense.
my take:
btc either already bottomed or might do so by March.
Somewhere during q1 we will get a large surprise in inflation (on the downside).
Stocks would initially crash fearing deflation and interest rates being too high.
Fed will dilly dally for a month or so, then succumb and cut short term rates (Cramer would be screaming on CNBC again how "they just don't get it").
Of course, before doing so they would declare victory, alas, markets would respond to the cut with a ferocious downswing that would indicate that Fed was wrong again and raised too much.
Bottom by Q2 in equities (bitcoin flat), then a gigantic rally in "everything" with bitcoin going up at least 2-3X (from today's prices).
After that...hard to say.
It could play out like that.
Also note that markets front run *ahead* of what the Fed will do. I.E., they will rally 3-4 months ahead of a Fed rate cut because they are expecting a return to (fake) growth again. If the market temporarily tanks on a Fed cut announcement, it just means one last washout to rekt margin longs before moving up again.