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🔥Bitcoin Situation
Bitcoin $70,378. The amount of USDC printed, $8 billion since February ( over 12 days ), BlackRock has been actively buying for 4 days in a row. The situation is shifting in favor of the bulls.
Currently, we are following the fractal of the 2022 bear market; there's no denying that, and in theory, we should drop to $50,000. We are relying solely on the fact that it happened that way before, and so far, everything is unfolding similarly.
However, especially this week, Bitcoin is showing strength. Oil is rising, today reaching $99, SPX down 1%, BTC up 0.25%. Next, as soon as oil exceeds $100, Trump will come out and knock it down with a tweet. When SPX falls, BTC will rise in response (boost).
He has already used all his leverage; people no longer believe him. In theory, oil should rise to $110, as I mentioned in my last video—oil rising equals inflation rising. But right now, BTC looks more like a store of value, used as a hedge in case of such conflicts. Therefore, Gulf countries, regimes, and dictatorships will definitely hold BTC in reserve, precisely for situations like the current tensions with Iran. T