Glass is Half-Full

Mar 29, 2023

∙ Paid

Bitcoin is off to the races again - over $28.3k and 4% plus in the last 24 hours. The mid and long-term outlook is bullish, but the glass is half-full. Some short-term pressure is expected.
Bitcoin mirroring gold is structurally (mid to long term) bullish, yet the strengthening inversed relationship to the DXY could pressure bitcoin in the near term. We expect one last bounce in the DXY before it cascades.

There is a risk of a local top forming according to our local top scanner. Yet, we wait for confirmation or capital flowing down the risk ladder - to mid and small caps.

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