Bitcoin Santa Rally
My view for year-end rally in Bitcoin is based on seasonal and global liquidity (GLI)
My projection for the Treasury General Account (TGA) is an increase from 740B today to a peak of 880B on 12/17 (which will be negative for Bitcoin and assets) and then a decrease (positive liquidity) of $200+ Billion down to a low of 630B on 1/10. This will be the window to buy a dip IMO. These figures do not take into account any additional reduction from the debt ceiling being reinstated on 1/1... which could add additional liquidity not accounted for as it is an unknown. That said, the debt ceiling debate is less of a factor now that we had a red sweep in the elections and the republicans control the votes, thus unlikely to be much of a "debate"...
Simple but my view.
My projection for the Treasury General Account (TGA) is an increase from 740B today to a peak of 880B on 12/17 (which will be negative for Bitcoin and assets) and then a decrease (positive liquidity) of $200+ Billion down to a low of 630B on 1/10. This will be the window to buy a dip IMO. These figures do not take into account any additional reduction from the debt ceiling being reinstated on 1/1... which could add additional liquidity not accounted for as it is an unknown. That said, the debt ceiling debate is less of a factor now that we had a red sweep in the elections and the republicans control the votes, thus unlikely to be much of a "debate"...
Simple but my view.
Note
One more thing... the pullback could already be in so I am not providing an entry point. This is more of a comment on a Santa rally being realized or not.Trade active
Narrator: the pullback was NOT in and the target is now hit
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