Signs Bitcoin May Have Bottomed: Here’s What Experts Told Us
— Reserve, Risk, Showing, Told, Bitcoin, Inflation, Signs, Quantitative, Signal, Heres — 1 min read
A major bitcoin bottom signal for me is when inflation is convincingly inflecting down, an analyst says. Marcus Sotiriou says the pain of quantitative tightening could drag on for many more months. “I would be cautious until inflation starts to come down, as we have learnt that the Federal Reserve is king when it comes to risk assets like crypto,” he says. Sotirou: “We have learned that the pain is likely to drag on until inflation is down, and the pain will continue to be felt for months to come’s time’SOTirou says. ‘The pain is still to come,’ he adds. “Inflation is still a problem.” Source