A classic breakout setup in a bull market. A break here will likely result to a 24% rise to roughly $63,000
Conversely if its a fuckery move (false breakout) we could see BTC drop to as low as $25,000.
What could cause a BTC to drop 50%? Interest rates continue rising rapidly cause compression between
Bond yield and Earnings yield. Currently 1.56% & 2.56% respectively.
This can cause a risk off sentiment sell everything event taking BTC down with it.
Lastly, with commodities rising rapidly since April when the #MMT ENDLESS TRILLIONS TO ALL for all began. (I posted it here then)
The move in commodities Crypto made a lot of sense since interest rates were at or near zero across the entire spectrum. Rendering
bonds, stocks to essentially behave like commodities/Cryptos that have no earnings. Not to mention the devaluation of the DXY (dollar).
With another $1.9 trillion "Relief package" in deficits we will end the year with deficits to GDP of 25% ($5 trillion). Provided no
new "Green New Deal" is passed. Then we can easily exceed these numbers.
For now I remain bullish in BTC for reasons I maintain for subscribers and not mentioned anywhere today. As a hint I believe
BTC will eventually become Global Parallel Dual currency system but we are not there yet. Patreon.com/RealMacro to learn more.
Bitcoin haters on suicide watch again. ;)
Conversely if its a fuckery move (false breakout) we could see BTC drop to as low as $25,000.
What could cause a BTC to drop 50%? Interest rates continue rising rapidly cause compression between
Bond yield and Earnings yield. Currently 1.56% & 2.56% respectively.
Lastly, with commodities rising rapidly since April when the #MMT ENDLESS TRILLIONS TO ALL for all began. (I posted it here then)
bonds, stocks to essentially behave like commodities/Cryptos that have no earnings. Not to mention the devaluation of the DXY (dollar).
With another $1.9 trillion "Relief package" in deficits we will end the year with deficits to GDP of 25% ($5 trillion). Provided no
new "Green New Deal" is passed. Then we can easily exceed these numbers.
For now I remain bullish in BTC for reasons I maintain for subscribers and not mentioned anywhere today. As a hint I believe
BTC will eventually become Global Parallel Dual currency system but we are not there yet. Patreon.com/RealMacro to learn more.
Bitcoin haters on suicide watch again. ;)
Commentaire:
Nice breakout looking good
Commentaire:
Target $80,000 Looking good!
Real Macro Economic Investing
www.patreon.com/Realmacro
www.patreon.com/Realmacro
