#Bitcoin $85,000: Intermediate Target 🎯 The Weekly RSI bre | Eternel insatisfait on Binance Square

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Eternel insatisfait

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#Bitcoin $85,000: Intermediate Target 🎯
The Weekly RSI breakout signals an explosive move by the end of the year for #BTC. 🚀

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#BTC Who would've thought Bitcoin would print its highest-ever average return for the month of September in this cycle Bitcoin is currently up +6.87% this September whereas 2016 is second-best with +6.04% $BTC #Crypto #Bitcoin

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#BTC Bitcoin Dominance is currently dipping which is entirely in line with historical tendencies around these levels In fact, it is exactly the same situation as 5 years ago in mid-April 2019 Bitcoin Dominance Monthly Closed above 57.68% (green) and is now dipping for a retest of this level into new support to confirm a breakout across the macro range $BTC #Crypto #Bitcoin

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#BTC And just like that... Bitcoin has reclaimed this almost 7-month area as support (green) $BTC #Crypto #Bitcoin

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THE FED HAS ANNOUNCED 50 BPS RATE CUT AND MANY BELIEVE STOCKS AND CRYPTO WILL START TO CRASH THIS IS SOMETHING I'M WATCHING ON MY TIMELINE REGULARLY. MANY PEOPLE ARE SAYING THAT WHENEVER THE FED HAS STARTED ITS RATE CUT WITH 50 BPS OR MORE, A RECESSION HAS HAPPENED. BUT THIS ISN'T COMPLETELY TRUE. LET'S TAKE A LOOK AT THE RATE CUT HISTORY 👇 ✜ SEPTEMBER 1984 ➬ FED ANNOUNCED ITS FIRST RATE CUT OF 50 BPS ➬ SPX PUMPED 9% WITHIN THE NEXT 6 MONTHS ✜ NOVEMBER 1987 ➬ FED ANNOUNCED ITS FIRST RATE CUT OF 50 BPS ➬ SPX PUMPED 6% WITHIN THE NEXT 6 MONTHS ✜ JANUARY 2001 ➬ FED ANNOUNCED ITS FIRST RATE CUT OF 100 BPS ➬ SPX DUMPED 8% WITHIN THE NEXT 6 MONTHS ✜ SEPTEMBER 2007 ➬ FED ANNOUNCED ITS FIRST RATE CUT OF 50 BPS ➬ SPX DUMPED 11% WITHIN THE NEXT 6 MONTHS AS IT'S CLEAR THAT NOT EVERY TIME, A 50 BPS OR MORE RATE CUT HAS CAUSED MARKET DUMP IT ALL DEPENDS ON WHETHER OR NOT THE ECONOMY IS ENTERING A RECESSION, WHICH IS NOT THE CASE NOW. GDP IS STILL POSITIVE, INFLATION IS TRENDING DOWN, AND GLOBAL LIQUIDITY IS RISING IMO, FIRST THERE WILL BE A CRYPTO BULL RUN, BTC WILL PUMP BEYOND $150,000 AND ALTS WILL PUMP 20X-100X AFTER THAT, THERE WILL BE A RECESSION WHICH WILL PERFECTLY COINCIDES WITH BTC 4 YEAR CYCLE.

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