Analysis of BITCOIN PRICE under attack “The 2023 TREND is worrisome” Edition 4 BITCOIN recovers
Good morning Hello Steemians Community: Steem Alliance.
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**What is a value? and what is not?, what is a financial instrument and what is not?, take a fairly clear idea, this test consists of four (4) things. I will tell that in my next post my people..?
Here my continuation
If there is an investment of money and be careful with all those cryptocurrencies that were born through a good Ice they are involved here, they are financial if there is a company like a to manage the money and here it includes given organizations all that they want to sell you like those they are behind a project the third thing there must be an expectation of profits this is promised by many eos of a lot and the last thing that there must be possibilities of profits derived from the efforts of others so ask if your cryptocurrency has these parameters if they are there they are going to be declared as securitys they cannot be traded in the United States unless they comply with the regulation and I close this analysis with the macroeconomic perspective.
On Tuesday, inflation in the United States was reported at 4% better than expected, and we see that the indices reacted well to the rise in bitcoin, it does not do so because of what we have already mentioned, but regarding that, it must be said that there are still high months to come. or high reports to get out of that inflation year-on-year.
Therefore there is still a positive outlook in the short term from this side yesterday Powell spoke in his speech and said two important things about the cost of money in that country.
1) The first that two more interest rate hikes are coming in 2023.
2) The second thing is that in 2024 the rates will drop. Only up to 4.5 remember that this rate rise.
Well, the objective was to reduce inflation, he is on the right track, but this man apparently either wants to cause a severe recession because the presidential elections in the United States are approaching, or they simply want to scare the markets and stop the rise, we already see that the markets They do not believe him and continue to rise in bitcoin.
"conclusion".
It is an exception but because of what happens mainly with coinbase and pods let's give it more and we will have more of this I have been emphatic in taking power away from pods but many do not want to do it, now see how this is resolved and determining whether or not there is really a rise in interest rates now in July will be what defines the Macro direction that it gives to the markets but in bitcoin, well we already know that apart from the recession issue that I really do not see that they are going to carry it out, my perspective they want to scare the markets, they cannot, but I have said that the third quarter will be negative due to the sale of part of these bitcoins from mete gogs, perhaps they will end up selling 70,000 the 41,000 bitcoin of the United States**.
That they are going to sell by the end of the year and now the regulation issue is added.
That is why I have been saying that what we have left from here to halving is more lateral and for now with a corrective sense I was talking about perhaps previous cycles with less impact but on the Road to maximum friends. I hope this information has interested you.
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This article was written by @oscardavid79 free of copyright
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hello sir.. how did you mention post on oppps ?
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hello good friend jueco
what do you mean do not tag spam
Review: Please do not tag any account spam as it is offensive.
I mean you shouldn't tag other account unnecessarily like you did.
I hope you understand