Another sign of a relief rally can be gauged from the price movements of Bitcoin.
Bitcoin has risen 37% in last few days (Nov 21st onwards).
Bitcoin is an indicator of global liquidity conditions.
As the liquidity dries , Bitcoin price goes down and vice -versa.
Similarly all other risk-on asset prices go up as soon as liquidity eases.
It seems central banks realized that something big is about to break due to their last 6 months actions and to avoid that they released some liquidity in the system without talking about it .
That’s why all risky assets prices are going up ( equity , crypto etc )
Bitcoin can go up to 30 K in next 2-3 months ( at the top of the previous cycle )
Now need to keep a close watch on how many weeks/months this rally can continue in global markets ! Or we have made the final bottom !
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