When the FEDs cut rates, money will come out of Bonds and into the US Stock Market. I believe BTC will dump (or pump if they don't cut) once big investors know that they need to transfer their investments into the Stock Market because rates have been cut. Feds will speak in a few hours.
The Federal Reserve is likely to cut its short-term benchmark rate by one quarter percentage point to a range between 1.75% and 2% at the conclusion of its two-day meeting on Wednesday.6 hours ago
oaksacorn
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They will cut. The stock market will go up as in July 1928 - August 1929 style. Historically, stock market rallies have been positive for BTC. BTC is smart. It understands the nature of the lower rates, negative rates and the fluid dynamics of what will be a blow off top in equities from much higher levels. The impetus for buying BTC from an institutional standpoint has never been greater. They are dying to buy it lower and the whales are doing all they can to make them pay up. We have had every reason to kiss the 21 weekly ema this past month as per previous bull market. It has not happened. The residence has been impressive. For more fun color look at CPI numbers of Venezuela. For more fun look at the chart of how many dollars have been put into circulation since 2009 the inception of BTC. None of this is lost on BTC.
MaxL82
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Are you kidding ? How much they can cut before going into NIRP territory ? :)
Have you seen what is happening in REPO ?
The whole system is a big mess. Even if BTC goes down better have some money on exchanges to catch that dip. I think it will be the last one before it explodes.
DSltz
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@MaxL82,
If the fed would not have stepped in the liquidity market we could have froze shutting down all banks im pretty sure. We dodged a bullet.
I agree that this could be the last dip. I want it to test 6000.