I suspect it will take out its 2020 as the Fed reduces its balance sheet by 1.1Tr per year. The corporation will release liquidity from Bitcoin to continue or even stop their share price from falling off the edge as all of the C suites are paid on share price growth, not on Bitcoin price action.
I suspect the Fed will want to get its balance sheet to around 6Tr, and then restart QE again to provide support for the markets.
Where can bitcoin go? all depends on how fare do markets fall, bitcoin will provide liquidity against the balance sheet liquidity, but I suspect it breaks below 2020 lows so between 1000-3000, maybe even lower if the fed tries to reduce balance sheet below 6Tr
I suspect the Fed will want to get its balance sheet to around 6Tr, and then restart QE again to provide support for the markets.
Where can bitcoin go? all depends on how fare do markets fall, bitcoin will provide liquidity against the balance sheet liquidity, but I suspect it breaks below 2020 lows so between 1000-3000, maybe even lower if the fed tries to reduce balance sheet below 6Tr