A month after the death cross, Bitcoin could repeat its 2018 bear market capitulation, analysts argue.
as a preemptive warning sign for those forecasting a shock event after two years of liquidity printing.on the topic Monday.
“The USD continues to strengthen against foreign fiat currencies, tightening financial conditions. A breaking point for a historically over-leveraged economic system is approaching, by design.”For LeClair, it is very much a case of short-term pain, long-term gain for BTC hodlers. The recovery will come via a “pivot” by the Fed, which will be unable to sustain inflation-busting monetary tightening for long.
“Fed will eventually be forced to switch back to easing, as a deep global recession will follow any sustained period of monetary tightening,” he forecast. “Supply chain wreckage from Ukraine conflict & China lockdowns with this level of global indebtedness=sovereign defaults. BTC will fly.” The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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