mostly consolidate between a floor of $18,900, and a ceiling of $23,600, as volatility in crypto markets was higher in anticipation of the Fed’s potential 75 basis point hike.This came as inflation in the United States moved to itsDespite this, bitcoin has quietly moved higher, as the uncertainty which is and was plaguing the market has started to slowly fade.
Although concerns over the magnitude of a recession remain, traders who were concerned about the course of action the Fed would take, have seen some of these questions answered.has mostly risen in the past few weeks, with the relative strength index going from a reading of 29 on July 5, to now tracking at 54.37./USD is currently trading at $23,019.32, just hours removed from the latest non-farm payrolls report.
After concerns of a potential slowdown in the U.S. labor market, payrolls for July came in at 528,000 last month, versus expectations of 250,000. This could act as a positive for bitcoin bulls, who have taken a risk-off approach in recent months, on concerns over a potential global recession amidst the inflation crisis.
Although these concerns will continue, investors now have more reason to be bullish, as the landscape of the market begins to slowly shift.
Whether $18k or $23k makes no difference. There is no comfort for millions of suckers who are under water. Cut your losses and sell like Cathie Wood this week with Coinbase ( more bad news this coming week)
Let it die, and then there will be brave men to rebuild a dynasty on the ashes of BTC
Bitcoin only has value till US dollar has its. It is just a pönzi which has no real value of its own. USD is still better than btc as it atleast gets printed whereas btc is an invisible speculative saviour which is just invented to make the rich richer. 🤘☯️🤘
Ouuu
So we have to be careful
Those who believe in Bitcoin investment also believe in cleverness. Sometimes we just have to take the risk once it's worth it. Thanks Mr Junaid I got the $67,000 profits I'm forever indebted to you. Chat him Via telegram 👇👇Junaid Randhawa
D C A
…but we are only 20 months (or so) from the next halving. BULLISH
BTC will reach 30000 in august ... just keep on buying in dips
I truly believe previous dip was to scare retail into selling, allowing institutions to buy cheaper, They were late to the game, they needed a better entry. Follow ArthurBrianR
DYOR 🤗
Checkout: CRYPTO BITCOIN WINTER HIBERNATION IS OVER ... just FOLLOWTHEMONEY BLACKROCK AND COINBASE will offer CRYPTOCURRENCIES TO INSTITUTIONAL TRADERS !!!!
Guys, we can't keep quiet about this!
Why don’t theyyy teach us thiss in school?