Kindness is Natural, Hatred is Thought.
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gm
gm base, welcome to a new dispensation.
FED CHAIR POWELL: With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. FOLKS, WE ARE GETTING A SEPTEMBER CUT.
🇺🇸 Treasury Secretary Janet Yellen calls on Congress to pass crypto legislation.
When MVRV nears 2.00 (yellow line), Bitcoin previously exceeded $50,000. Rising MVRV with MA30d implies market cap surpasses realized cap, causing increased selling pressure. This phase historically precedes a local top, leading to a strong bull market, pushing BTC to new highs and MVRV to the Distribution range
(red line) After the recent $49,000 peak, a -20% correction occurred. The question arises if this selling pressure will return MVRV to the Accumulation range (green line), as seen in 2019-2020. Despite this, the upcoming Halving event in less than 3 months is a positive catalyst historically marking the start of a new
📆 Company reports this week! Monday started off rather weakly for the cryptocurrency market, but we have many events ahead that could give impetus to the market. Including reports from such giant companies