I can't get over the fact that the last couple of months have been extremely stable for Bitcoin while traditional assets have been all over the place. It seems like people would rather be holding BTC than the S&P 500 at the moment. Even Elon Musk is saying on Twitter that smart people he knows are shorting the S&P 500 while he continues to hold his BTC. If we do avert a recession and the Fed is successful with their 'soft landing' I think we will see the mother of all Bitcoin rallies. I'm starting to see the perfect storm on the other side of the valley.
This means we are at the bottom now? Sorry JJG we not going below 16k revaluate your DCA... Regarding the recession which analyst predicted is already upon us, but still bitcoin is showing consistency.
I think during recession people will be attracted to Bitcoin more compared to traditional S&P 500.
Bitcoin will proof itself a recession proof invest/asset