17% collapse in BITCOIN correctly priced in from $34310 (2022/05/02) to $28280 (2022/05/17). 3 day trade at $27210. The E-Coin is heading towards its December 2020 $1800 support, before Central Banks began printing en masse re: COVID-19 reflation trade.
(Chart 1)
(Chart 2)
Giving a clear indication that BITCOIN relies heavily on low rate/speculation pump to create bids and the odd manipulation by a billionaire. Chart 1 and 2 above.
Refer: https://chiasmusmagazine.blogspot.com/2022/05/bitcoin-probably-never-had-safe-haven.html?m=1
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