There is a feeling of being caught between two stools for the average hodler currently — macro forces promise major trend shifts but are being slow to play out.
In doing so, the largest cryptocurrency, likewise, gave up all of its gains from the intervening period to fall back to the top of its trading range from last month.
“Bullish retest of flipped weekly level, finex whale filling bids, I’m buying the dip.
As Cointelegraph recently reported, trader and analyst Rekt Capital also had plenty of reasons to adopt a bullish thesis for Bitcoin.
The biggest bond bubble in 800yrs continues to deflate after the start of the Fed’s rate-hike cycle, ahead of next week’s #ECB meeting & as rising #inflation shakes up bond mkts.
The situation underscores the difficulties stocks and risk assets face in the current climate.