coffeeincodeout

Buy the rumor trade the news!!!

Largo
COINBASE:BTCUSD   Bitcoin
I am expecting a slight pullback right before the feds speak I dont expect Bitcoin to trade below 38,200 level however, if it does I believe it will be short lived as it acts as support. Over the next day or two I expect large institutions to assess the risks of higher inflation and over the next few months whether they are confident the feds will be able to control inflation. Once BTC pulls close to 38k level I am expecting it to trade upwards as institutions will begin transferring funds to hedge against inflation over the next few days. So I am looking for BTC to begin rising either tonight or tomorrow. A break above 42k to 44k is bullish and I expect a slight pullback once that happens then another push above 50k.
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