Bitcoin Is Now Good Value

Aug 24, 2023 | Chainletter |

A lot of markets are very soft at the moment. The combination of regulation and elevated interest rates has removed liquidity from the crypto market, which is the oxygen of its growth. Look closely, however, and the signs are that things are slowing across global economies. It won’t be long before the oxygen supply is replenished. Bitcoin is now good value.

Technical Analysis    Flag breaks to the downside, but longer-term positive trend in tact
On-Chain                    Now weakening. Fees continue to fall.
CryptoVerse               Kyrgyzstan gets in on the mining act. Base scales Ethereum.
Macro                         Rather BTC than bank shares. Truflation, Dr Copper and Professor Aluminium say inflation isn’t the problem.

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