BTC at fair value. Neutral
BTC is currently trading in correlation with the Nasdaq as a risk on asset. It's following the movements of the Nasdaq but with greater volatility. My hope is that at some point in the future, BTC will decouple from legacy markets and be viewed as the decentralized safe haven store of value that it was designed to be. At current levels I continue to scale in to spot but am saving dry powder in the event that we test the lows at 29K or break down to 25K or even 20K. I personally doubt if we see 15K but anything is possible. I suppose if there is a capitulation to 15K it would be a short lived wick.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.