is it bottom? (upd)
time to update my previously idea 
The price of Bitcoin has followed path B and has been moving sideways for some time. Partly, this was due to very weak data from the U.S. labor market. A few months ago, bulls were anticipating this weakness, but now they are afraid because it has started to smell like a recession. Mr. Powell already announced on August 23 that "the time has come," and now monetary policy will be eased. There is a consensus in the market that the rate will be lowered in September, although many are expecting an immediate reduction of 50 bp. I agree with the opinion that there will be a 25 bp reduction, as a 50 bp cut would be an acknowledgment by the Federal Reserve that they erred by delaying the start of the reduction and could cause additional panic among investors. I don't think it could happen 1.5 months before the elections.
Also, additional reasons for growth are stock market buybacks in September/October and payments from FTX of about $16 billion in October.
So yes, I'm sure that the bottom has already been passed and it's only up from here
The price of Bitcoin has followed path B and has been moving sideways for some time. Partly, this was due to very weak data from the U.S. labor market. A few months ago, bulls were anticipating this weakness, but now they are afraid because it has started to smell like a recession. Mr. Powell already announced on August 23 that "the time has come," and now monetary policy will be eased. There is a consensus in the market that the rate will be lowered in September, although many are expecting an immediate reduction of 50 bp. I agree with the opinion that there will be a 25 bp reduction, as a 50 bp cut would be an acknowledgment by the Federal Reserve that they erred by delaying the start of the reduction and could cause additional panic among investors. I don't think it could happen 1.5 months before the elections.
Also, additional reasons for growth are stock market buybacks in September/October and payments from FTX of about $16 billion in October.
So yes, I'm sure that the bottom has already been passed and it's only up from here
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.