#Bitcoin is in a supply and liquidity crisis.
This is extremely bullish! And highly underrated.
I believe we will see this significantly reflected in Bitcoin's price in the upcoming months.
Let's take a look at the data.
A thread ๐๐๐
Powell buying more than $1 trillion in MBS good for banks in more ways than one. Itโs been great for those refinancing at a time of rising permanent job losses. It will be an eventual tragedy for those buying homes, especially first timers who donโt realize theyโre buying at ATHs
As we work to identify & address systemic discrimination & inequality in all aspects of the scientific community, we are reexamining the use of unofficial terminology for cosmic objects which can be not only insensitive, but actively harmful. Read more: https://t.co/ZNicp5g0Wh
If it is indeed a lengthened cycle, this may require some more consolidation below the previous ATH, and see both price and the MACD continue in a sideways channel...
With @federalreserveโs balance sheet expanding exponentially, Fed is now largest holder of @USTreasury securities (Fed data as of mid-June & other banks as of mid-May) @biancoresearch
You raise your standards every time you:
-resist temptation
-delay gratification
-push your boundaries
-say "no" to distractions
-stay consistent with the process
-remain congruent with who you are
-choose temporary discomfort to your benefit