Bitcoin (BTC) is currently sliding along the top of its bull flag after breaking out last week. Will the price fall back inside the bull flag and face being rejected, or will a bounce occur that sends $BTC back towards its $73,800 all-time high?
Tudor Jones is long Bitcoin and gold
Famous financial entrepreneur Paul Tudor Jones recently claimed that “all roads lead to inflation”. He was basically saying that it doesn’t really matter who wins the upcoming US presidential election, the U.S. government’s debt will still be there. He did however add that he was long Bitcoin and gold, which he believes will be inflation hedges.
Global liquidity increasing rapidly
Global liquidity continues to increase, as the People’s Bank of China (PBoC) added $560 billion to its balance sheet between May and September, while at the same time, the U.S. Federal Reserve increased its own balance sheet by $200 billion over the same period.
Trump win could propel $BTC higher
The chances
We współpracy z: https://cryptodaily.co.uk/2024/10/bitcoin-btc-bounce-or-rejection
