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The total market capitalization of #Crypto is consolidating after a 25% correction.

This correction entails a 50-70% correction on Altcoins.

Probably some more consolidation before a clean break of the all-time high.

#Bitcoin is becoming an important issue for this US Presidential Elections

I don’t think people realize how insane and bullish that is

I never thought presidents would already talk positive about #crypto in 2024

Neither did I expect the biggest banks and hedge funds to buy $BTC

Crazy cycle

JUST IN: 🇺🇸 Donald Trump says "I will keep Elizabeth Warren and her goons away from your Bitcoin

And I will never allow the creation of a Central Bank Digital Currency (CBDC)"

#BTC

Bitcoin experienced a five fakeouts below a ranges it was consolidating in, trapping bears, before quickly reclaiming the range🧐

If this pattern repeats, a massive upward leg for $BTC is expected soon📈

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The black swan risk now is a US recession, per Bloomberg.

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#Bitcoin is King

Everybody asks "What will the #FED do with Rates?"

Bad question. Better ask - "Where will Market Yields go". Where ever they go ... FED follows!

Today, we have a MEGA BEARISH STRUCTURE on RSI. Bigger than before Financial Crisis.

2 YR Yields will PLUMMET - and FED will desperately follow despite current INFLATION RATE.

All this as #Recession moves closer. When Fed begins to cut... we got 5-6 months before onset of Recession.