Double Volatility Inbound ( Biden Order + Inflation data )
Oh Boy...Who's ready for some more volatility?
Well, it's coming:
Phase one (today):
Biden Order. Biden is preparing to sign an executive order to expand US oversight of the $2 trillion cryptocurrency market.
US President Joe Biden will sign an executive order that directs federal agencies to study and craft a comprehensive plan that would unify the government's oversight of the cryptocurrency market, according to news reports.
The order is expected to be signed this week and should describe what the Treasury Department and other government agencies need to do to develop regulations and policies on digital currencies, the Associated Press reported Monday.
Phase two (tomorrow):
US is releasing their CPI (consumer price index data). What's best know as 'Inflation Report'.
Bitcoin returns to
42K as markets await potential 7.9% CPI inflation data
The run-up to the latest snapshot of just how bad U.S. inflation is seeing Bitcoin breakthrough range low resistance.
Professor think this is an opportuinity for Bitcoin to finally break the 40k for good and aim for 50k+
Let's see how this plays ut and remember: Murphy's law says that as soon as FOMO kicks in there can be a negative, unforeseen factor to kill the reckless , leveraged Bulls.
For the time being the only one getting killed is the Bears that wanted to 'buy bitcoin at 20k'. Where are they now??
ONE LOVE BABY!
The FXPROFESSOR (already LONG!)
Well, it's coming:
Phase one (today):
Biden Order. Biden is preparing to sign an executive order to expand US oversight of the $2 trillion cryptocurrency market.
US President Joe Biden will sign an executive order that directs federal agencies to study and craft a comprehensive plan that would unify the government's oversight of the cryptocurrency market, according to news reports.
The order is expected to be signed this week and should describe what the Treasury Department and other government agencies need to do to develop regulations and policies on digital currencies, the Associated Press reported Monday.
Phase two (tomorrow):
US is releasing their CPI (consumer price index data). What's best know as 'Inflation Report'.
Bitcoin returns to
42K as markets await potential 7.9% CPI inflation dataThe run-up to the latest snapshot of just how bad U.S. inflation is seeing Bitcoin breakthrough range low resistance.
Professor think this is an opportuinity for Bitcoin to finally break the 40k for good and aim for 50k+
Let's see how this plays ut and remember: Murphy's law says that as soon as FOMO kicks in there can be a negative, unforeseen factor to kill the reckless , leveraged Bulls.
For the time being the only one getting killed is the Bears that wanted to 'buy bitcoin at 20k'. Where are they now??
ONE LOVE BABY!
The FXPROFESSOR (already LONG!)
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