Upcoming Bitcoin Support & Temporary Relief
Hello everyone - Hopefully this analysis gives you something to think about regarding 
Bitcoin as we continue through the summer. If you enjoy our content and would like to see more, please support us with a like and follow.
There are 2 factors top of mind right now:
The recent forced liquidations of various funds (3AC, Celsius, BlockFi etc)
More aggressive interest rate rise of 75-bps
As the effects from the above settle down, volatility should somewhat subside. That leads us to believe that a temporary relief rally could soon commence. We have noted the ranges for you to see.
Is now a good time to go long? Continue to be diligent and monitor for any further contagion effects before making a decision.
Thank you for considering our analysis and perspective. I hope you find it helpful.
Bitcoin as we continue through the summer. If you enjoy our content and would like to see more, please support us with a like and follow.There are 2 factors top of mind right now:
The recent forced liquidations of various funds (3AC, Celsius, BlockFi etc)
More aggressive interest rate rise of 75-bps
As the effects from the above settle down, volatility should somewhat subside. That leads us to believe that a temporary relief rally could soon commence. We have noted the ranges for you to see.
Is now a good time to go long? Continue to be diligent and monitor for any further contagion effects before making a decision.
Thank you for considering our analysis and perspective. I hope you find it helpful.
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