Bitcoin Hits ATH: Time to Stay Level Headed

The mania phase is around the corner!

Hello Everyone,

Long time, no see! Sorry for the long wait, but honestly there wasn’t anything to update about. Bitcoin has been chopping around, something it does before it really takes off into a new bull market. Given $BTC just hit ATH against USD, it’s time to reflect and to see what we can expect going forward…

I made a video, but I forgot the mention one thing, so I’ll do it here now:

We have one big risk still in the market and that’s the reversion of the yield curve, which is just around the corner. Historically this indicates a recession, which can still cause a huge drawdown of the overall market: stocks and crypto. This is something to take into account going forward in the next few months or quarters. Even if this happens, I expect the market to recover and still go full bull, but it will definitely delay the bull market in the same way the corona crisis did.

Reversion of the Yield Curve

Ok so this is something we need to keep an eye on as well as declining earnings. The fed will definitely react to these scenario’s with QE but for now, it’s just wait and see.

The rest of my views and opinions, I discuss in this video.

A good weekend to everyone and all the best,
BlowOffTopic