#Bitcoin
After the recent collapse #btc seems to have had the opportunity to rebalance the price by touching the support level that as you can see from the graph has rejected well also sweeping the huge liquidity (POC) that was at 50k.
βοΈπ»...
...Personally I think this is the last collapse and September is the month π where the highs will be broken especially with the next cuts interest rates in US
#Bitcoin
After the recent collapse #btc seems to have had the opportunity to rebalance the price by touching the support level that as you can see from the graph has rejected well also sweeping the huge liquidity (POC) that was at 50k.
βοΈπ»...
#Bitcoin
If we observe Wyckoff's schematic we have officially entered on "Phase C" of this accumulation period
This should be the last "crash"
A 𦬠are coming.
Credit:@HaloCrypto
How will a possible rate cut affect the markets?
A possible rate cut would lead investors to look for other riskier assets, such as #Bitcoin π€
Investors will sell the dollar which will lose value and will buy #Bitcoin acting as a trigger for a possible bull run π¦¬
US unemployment rate higher than expected for third consecutive time
What it means? π€π»
Interest rates that are too high slow down supply and demand and this can lead to a slowdown in the workforce, one of the ways to counteract this and reduce interest rates.