#forecast 031 : It's a trap
Dear subscribers,
Welcome to The Bitcoin Forecast #31.
Coming off a deleveraging event last week, BTC moved violently downwards. At its peak it was a $10k move from highs to lows inside of a day. I had expected a v-shaped recovery, however this did not happen, instead price moved sideways. I’m issuing this update to give insight into what the fundamentals…