Bitcoin Last 30 Days - $29K Not looking like it will hold (Patreon)
Published:
2022-06-11 21:41:39
Edited:
2022-06-11 22:06:15
Imported:
2022-06
Content
Hi Team
That $29K magnet ball level looks like it will not hold based on the chart above. Odds are 80% now we will go lower. How low we cannot tell. The real issue is volume - no buyers are stepping in. Everyone is afraid of what the fed will do next after the CPI print - will they raise 75 bps next? Maybe - and then another? That would really hurt debt markets and crush GDP growth.
Could we revisit the $25K level. Perhaps - that is the time when I will consider layering in.
I wish I had better news to share.