True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
⚠️ BITCOIN BEARISH PENNANT!
On the 4H, $BTC is completing a trend continuation pattern.
With the current geopolitical landscape and higher inflation, I’m straying away from longing for now.
@CryptoKid explains why altcoins have become "trophy assets" - they need serious liquidity (like 2020-2021) to really run.
@Player1Taco says attention is the driver. AI, RWA and DePIN can still run without a broad altcoin season.
Read the full interview 👇
beincrypto.com/altcoin-seaso…
CPI DATA IS SET TO RELEASE TOMORROW.
The current expectation is 4.2% YoY.
That would be OVER DOUBLE the Fed's mandate.
Expecting rate cuts in this environment would be ridiculous.
HIGHER INFLATION = HIGHER RATES = LOWER PRICES
Bitcoin has officially retested its 200-day moving average.
SUPER concerning.
I have a brand new theory that I explained in today’s video.
The last two times this retest occurred at the exact same point in Bitcoin’s four-year cycle, we dropped an average of 68%.
Watch NOW: youtu.be/dbUY3Bv3WMQ
Bull markets end with choppy distribution phases.
And bear markets end with choppy accumulation phases.
The bottom won’t be a 1 hour dip opportunity to catch.
It will form over time.
No FOMO, DCA-in, and be patient.