BitcoinLong
BTC - Breaking out of down slope now!
Look at the orange circle. BTC has just punched through a two-week slope (blue line). And there seems to be some real juice pushing it up from here.
The US Federal Reserve is expected to lossen its inflation policy, which is ultra-bullish for BTC, gold, silver, and others.
Until now, the Fed's inflation target has been 2% per year. That means they would start raising interest rates when inflation is "persistently above 2% per year".
But now.... the Fed is expected to raise its inflation target to 3% per year, which will probably be announced over the next few weeks, or in the new year.
This means the Fed will hold-off raising rates until inflation runs persistently above 3% per year. And that means the US dollar is going to continue falling in value, and possibly even speed-up its erosion.
US dollar erosion inflates BTC like pumping helium into a balloon! This should lift BTC for SEVERAL YEARS!!!
The US Federal Reserve is expected to lossen its inflation policy, which is ultra-bullish for BTC, gold, silver, and others.
Until now, the Fed's inflation target has been 2% per year. That means they would start raising interest rates when inflation is "persistently above 2% per year".
But now.... the Fed is expected to raise its inflation target to 3% per year, which will probably be announced over the next few weeks, or in the new year.
This means the Fed will hold-off raising rates until inflation runs persistently above 3% per year. And that means the US dollar is going to continue falling in value, and possibly even speed-up its erosion.
US dollar erosion inflates BTC like pumping helium into a balloon! This should lift BTC for SEVERAL YEARS!!!
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