Johnson Fakhoury nCVY
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StrategyBTCPurchase
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Bitcoin
Nothing has really change since my latest update about BTC as the price remains in sideway chop for now.
However there is a news and reaction that is caught me off guard for today. It's not Iran things or anything. It's about Powell.
Basically Powell came out after the criminal probe and accused the executive is pushing him to the ground because he doesn't want to lower the rate.
However during this crazy news, we are seeing BTC is having a bounce and S&P is also in the same level as previous week's close.
What does it mean?
I think that market is so bullish that even the news like this can't drive the price lower.
BTC is having a bounce and I think this is short covering in the lower time frame. However if the spot bidder step in this $92k resistance, we should see $98k to be tested sooner than everyone expects.
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