Zones on BTC for the next few months. I think bitcoin will get pumped during the liquidity drought central banks are pushing the world into, largely since BTC is a relatively small market ($66bn currently) and likely has a few major players cornering it. Its global nature and easily accessibility are the means to cash out at much higher prices. We've arguably already saw that in the run to 20k; currently testing & holding previous 3k demand, if BTC gets back over 5-6k in the next month or so that will be very bullish.
In any market correction Cash is absolute king, but BTC being relatively small and likely a cornered market, it would be easy to pump it into the hype of a market meltdown, drawing in loads more interest on which to exit. Moderate risk here, I wouldn't advise holding more than 5% your net worth in bitcoin/crypto. If BTC were pushing new highs I wouldn't have this opinion currently. Camping a low price for this long increases the odds of this trade considerably.
Largest event I'm watching for is the Fed pausing its rate hikes/QT, marking the end of the recovery, soon after you'll see real pain in markets as debts overwhelm loan creation and everyone runs for the exit at once selling what they can to raise cash and avoid bankruptcy, basically the essence of every major market bubble since central banking began. The fed will respond with further easing well before they meet their balance sheet selloff targets, in which stuff like gold, bitcoin will skyrocket. Further explanation in my XAUUSD analysis.
In any market correction Cash is absolute king, but BTC being relatively small and likely a cornered market, it would be easy to pump it into the hype of a market meltdown, drawing in loads more interest on which to exit. Moderate risk here, I wouldn't advise holding more than 5% your net worth in bitcoin/crypto. If BTC were pushing new highs I wouldn't have this opinion currently. Camping a low price for this long increases the odds of this trade considerably.
Largest event I'm watching for is the Fed pausing its rate hikes/QT, marking the end of the recovery, soon after you'll see real pain in markets as debts overwhelm loan creation and everyone runs for the exit at once selling what they can to raise cash and avoid bankruptcy, basically the essence of every major market bubble since central banking began. The fed will respond with further easing well before they meet their balance sheet selloff targets, in which stuff like gold, bitcoin will skyrocket. Further explanation in my XAUUSD analysis.