With the ECB and Fed easing monetary conditions further in the coming weeks (i.e. currency devaluations) it's hard to be too bearish on bitcoin.
No long signal yet on this one though but one to watch. Of course if the Fed delivers a hawkish surprise BTC faces significant downside on a strengthening dollar so don't pull the trigger too early on this trade.
No long signal yet on this one though but one to watch. Of course if the Fed delivers a hawkish surprise BTC faces significant downside on a strengthening dollar so don't pull the trigger too early on this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.