Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
modrobert
on 06/08/2024, 03:51:47 UTC
Nasdaq futures shows a 4.4% dump.

Expect a major Wallstreet cascade that will likely drag Bitcoin with it to $40k - $45k.

FED will anounce an emergency rate cut first and perhaps printing more dollars to save markets from implosion, actually they are forced to something.

Stocks and Bitcoin rebounds.
Interesting, but also notice resistance at $50k.

But it is called "support" when we are talking about prices below the current price, and it is called resistance when referring to prices above the current price.


My mistake, I meant support, and happy it held so far.