Bitcoin Price Drops Again — And Nope, It’s Still Not Because Of The Fed

… On Sunday, Bitcoin Dip a red candle size the size of Jupiter. More than that frightening, continued to decrease on Monday morning, as it advances to less than $ 111,000.

Now, here on Bitcoin price treatment, we say that no one knows why prices move. but sometimesWe do … and if not as we would like. Today, I discuss two things: the last 24 hours of Shenaneghan and the chairman of the Federal Reserve Board Jerome Powell at the end of last week.

Bitcoin price

The late Sunday (European time) was disgusting:

It is difficult to say, “No one knows” when the graph looks like this; someone He knows what happened to drown Bitcoin about 3000 in minutes. If it is not a specific macro event, like last week, then the only thing that eats through request books like this is) particle Orders, and – what reaches the same thing – b) block Filtering.

Yesterday, there were some indications on the two:

or…

This is a backward market, and it is absurd how small we are and the liquid of the Bitcoin market: Still It is able to assemble by the actors in the individual market. (As always in Bitcoinland, there are some Schmuck Ready to run both bad Something in good something.)

The immediate decrease of 2.5 % in the price of bitcoin last night may be one time due to the sale of whales or some filtering, but the gradual movement, Qatari during the night and the morning of the two (bitcoin decreased to less than $ 111,000). Ignore the louder whale … Does it happen? Why do we die slowly When we must win, son!

All total shares in the world indicate in the right direction: Why is Bitcoin’s price traded underin this The range, when it puts any two or three sane evaluation from here …? (No, we Not Less than 111,000 dollars like or because Or at all to metaplanet to announce purchases).

The price does what he wants; Shitcos does everything they like.

Treating bitcoin prices definitely Required: The price of bitcoin only does everything he wants, without any consideration of the mind or rational assessment. The world is not care for the most upscale conditions. The maximum pain, I heard that he said. Even the average cost of a million dollars made a lot of cents:

One of these magic tea leaves reading techniques (moving average for 128 days), tells us Bitcoin Pro magazine team Today, it is 108,500 dollars … so we are likely to go there. Silor and others They have already sold my kidneys and chairs, so I wonder what remains.

More interesting/terrifying is that it continues to fall after that, and strikes its lowest levels. Our most similar interpretation is that all these karfrat-which is run by Mr. Billy, the owner of BTC Inc, one, after he recently burned about 41 million dollars-to stick to all these coins during the spring that he was unable to stick to and retreat now again; Some, in the red candles affected by filter, others at a slow, mill, likely time.

Some CypherPunk Og seem to be aware of the structure:

Bitcoin price and Powell intestine

Sometimes we are actually (type of) Do Learn what happened in the markets – like last week, August 22, at 10 am Monetary policy framework. It has been widely interpreted as a future reduction of monetary policy in cards. how Do we know this? Because all (solid) assets jump in the minute, and the dollar index He falls:

• 9: 59: 49 … Bitcoin price = 112,393 dollars, according to Bitco Magazine Pro.
• 10:00:49, one minute later, 113459 …
• A few minutes later, we reached 115,000, as the price of bitcoin increased by 2.3 % on the news.

This is the type of shit that moves the markets, and immediateLarge movements make us very confident that this is the reason.

(To return to it: 9.59, DXY = 98.7; two minutes later, 98.15; another minute, 97.8. This is 1 %, in flash … this is a big step for DXY!)

We have now identified the source – Powell and/or the statement of the statement. any A little of his statement is what shock markets?

What happens in versions such as this-or inflation numbers or unemployment by BLS- is that simple trading algorithms get rid of websites for instant updates and a second divided evaluation, often with second-class trading effects. This same step is often reversed, twenty, after thirty minutes when the human and smart evaluation is involved. Everything was nothing burger, after all. This was not the case this time, as Bitcoin price was traded high during the weekend (until someone destroyed the fun on Sunday …).

Powell’s comments revealed last week

• Inflation is slightly high, but under control and descending
• GDP growth is significantly slowing
• The unemployment was fixed and balanced (but “a kind of strange balance” where both the supply and demand decreases) → the risks completely.
• … and they will cancel this entire wrong idea middle The goal of inflation (during a period of time that no one has ever set).

“In the short term, the risk of inflation tends to the upward trend, and the risks of employment on the negative side – a difficult situation.”

However, Powell concluded that these risks “may require controlling our position on politics.”

In the minutes and hours that followed the speech and the release of the statement, the price of bitcoin reached its peak at 117,000 dollars, before returning to 116,000 dollars; This is the autopsy and evaluation of the market participants, from the organic point of view, what this new country means.

Here is the place where “no one” is studying Still He holds: No one knows Any part From an important Powell statement, because the new information is always confused and integrated with anticipation The market participants were going – and we could only tell what it was. What we do when we play these explanations that play with this cake, the interpretations are run after the case Post -mind games. This is not impressive.

Completely pathetic. We need the rich bitcoin coin and prosperity, not the poor and astonishment.

Treating the price of bitcoin outside. We see you all in Hong Kong to Bitcoin.