Was The BTC Bear made worse by the FED for BITSTAMP:BTCUSD by Orriginal
Nov ’21 TAPROOT installed on Bitcoin Network, after which PA reverses.
Slow “Bear” market takes hold and PA slides down
FED has 1st Rate Hike in a very long time in March ’22, Bitcon PA actually Rises.
2nd Ratehike by FED on early May
News comes out that LUNA maybe having trouble and people begin getting nervous
LUNA Collapses, Slow Bleed, effect being negated by 4th week after and next green candle. Confidence begins returning Till News comes out that FED maybe looking at a larger rate hike. The timing is perfect, like Hitting a wounded animal
** 1st 75 point Rate Hike causes Large Drop in PA as more companies struggle
From here, the effect on PA of 2 more 75 point rate hikes are Minimal by comparison. PA actually recovers some.
** Another 75 point raise is too much and FTX is brought down. The Timing is perfect but after weeks of uncertainty and bad sentiment, BTC PA makes a rapid recovery
Without these 2 things, PA could very possibly be around $37K right now and would have been the least damaging Bear market in BTC , Less than the normal 80%.
And what we REALLY need to take into account here now, is what is going to happen on 1st Feb. TradFI ( the FED is KING odf TradFI) is threatned by Crypto….What will happen if they bring in another 75 points ?
NOT A LOT…as previously shown, Bitcoin was NOT dumped by the 2 middle raises as the Coins are held, Future profits secured.
So long as no more companies are brought down, Weak hands destroyed or played…..then We should be OK from here
However, This is a War between the old Monopoly and the New Kid on the block….and all is fair in Love and War.
Be cautious, enjoy the ride and trade safely – the likely hood is that 2nd half 2023 is not going to be kind…..
Time Will tell
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