Bitcoin & Fed interest rate decisions. Does Bitcoin Care ? NO for BITSTAMP:BTCUSD by Orriginal
Step back and GASP "What do you Mean, Bitcoin Doesn't care about Rates. " Look at that chart, eben there you can see -25 pts changes and Bitcoin DROPS> It becomes cheaper to borrow and the price drops. In 2023, left of chart. Price ROSE after 4 RISES ni terest rates Jf we look at the Bihher picture since Nov 2021 when I began this chart, we can see the same thing. . . PA rises when, techniacaly, it should bot have,,abd Visa Versa https://www. tradingview. com/x/CY5zzHNw/ The reasons for this …
Step back and GASP"What do you Mean, Bitcoin Doesn't care about Rates. "Look at that chart, eben there you can see -25 pts changes and Bitcoin DROPS>It becomes cheaper to borrow and the price drops. In 2023, left of chart. Price ROSE after 4 RISES ni terest ratesJf we look at the Bihher picture since Nov 2021 when I began this chart, we can see the same thing. . . PA rises when, techniacaly, it should bot have,,abd Visa VersaThe reasons for this are most likley Many and Varied but the thing to take away from this is that Just because rates remain level for now, it does not mean BTC PA will automatically rise as borrowing remaind the same cost. Bitcoin is its own BOSS and it moves when it wants to. This month, July, was always going to be Green and is likely to close that way, August , statistically, will be Red. . . . . . . even with no rate changes. Previous August closes are 5 Green to 10 Red. But there is a 50% chance of a green or a Red August, via Candle color close patterns previously. we just have to wait and see. But what does seem certan is the rates WILL increase this year at soe point. That may not effect Bitcoin directly but it WILL move liquidity. Again, we have to wait and see where. . . . . but DXY $ becomes more profitable with higher rates,The traditional Bitcoin Bar lasts a year. We have not completed that 12 month move yet. But there is a change we may not. . . . . Interesting days aheadNothing to be taken as Financial advice. I will always say"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"THAT is Financial advicebitcoinpriceChart PatternsfederalreserveFundamental AnalysisratesTrend AnalysisDisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.