A stock market correction can be in the cards. This will effect everything including Bitcoin and all other crypto's.
There's a lot of questions in the air and market reaction will be everything. A stronger USD and rising 10 year rate will continue to put pressure on the FED to react. If they do not react and they do not suppress the 10 year (which they will at some point) we could have a significant correction.
The markets are all about the monetary policies which even Bitcoin is not immune too. So the key points are this:
- Bitcoin is still in a Bull market
- 60% of HODLer's HELD during last March crash!
- 4 year cycle is still in play
Traders will be in no man's land today as the world hinges on FED ponzi policy. If it's not deflationary accommodation; we could certainly get a 38% correction. If you have dry powder keep it on the sidelines and get ready to buy. If you aren't trading and not leveraged you are in a good position HODLing either way.
We shall see what happens in the market TODAY. Either way I'll leave you with some Bullish technicals before y'all worry about FUD.
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