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

The Daily Blip-o-roonie 

Got a couple text messages from friends at 2 in the morning about crypto melting. That got me hyped. Now I am slightly disappointed after looking at a chart. 

Broke the week long pennant to the downside, but other than that, not too alarming all things considered. 

Expected is probably the correct terminology. 

For 13 years the anointed ran around explaining that as long as interest rates were zero, and governments printed money Bitcoin would go to infinity. 

Interest rates are now at something of a more normal value and nobody is proselytizing the logical conclusion. Heaven forbid! What if rates go even higher? 

Happy 4th, 
Happy Thursday!