Browse Symbol Stacks: $BTC: slopechart_$BTC.jpg

slopechart_$BTC.jpg

Just checkin' in on the King, see what happened over there with all the fuss on Wall Street this week. 

Cleaned up the chart and simplified. 

There is an enormous bulwark of support at 35k. Any kind of zoom out and channel/trendline/whatever ends up crossing through that area. (not shown) 

That said this King took office at the beginning of the most outrageous money printing episode in the history of the U.S. and is about to show us what happens to its price when the printer stops. 

If the FED is to be believed. 

If the FED actually does what it says, I would expect 35k to disappear into the ether.  

What is the price of Bitcoin with interest rates at 10%?  

I have no idea.

Image added via SlopeCharts
slopechart_$BTC.jpg

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