#forecast 049 : Counting down
Welcome to The Bitcoin Forecast #49.
First off I must apologise to subscribers as we had some technical difficulties where the last letter #48, 3 days ago, did not arrive in inboxes, though it was published via the Substack web interface the email did not send out. Ultimately it was a letter to say caution was advised as price was rising without fundamentals, and also to say that the market was undergoing a structural change.
So this is an obligatory letter in short succession to provide market guidance given most missed letter #48. I’ve made emphasis on newer research including the impact of derivative markets as well as comments on the broader range macro.