BTC (SMA50 and FED rate)
#Bitcoin distance from 50SMA 👀
This SMA has often acted as support during a bull market.
📝The rate was also lowered today by 50 basis points, more than planned, a sign that the FED sees that the economy needs more help from the regulator.
💡Such a radical step is an indicator that very soon additional liquidity will appear on the market and, as we know from previous posts, it will, of course, settle in
BTC and gold.
This SMA has often acted as support during a bull market.
📝The rate was also lowered today by 50 basis points, more than planned, a sign that the FED sees that the economy needs more help from the regulator.
💡Such a radical step is an indicator that very soon additional liquidity will appear on the market and, as we know from previous posts, it will, of course, settle in
BTC and gold.
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