Projections

Graph – BTC Projection (06-13-2022)

Gráfica – Proyección BTC (13-06-2022)

Attached is the 4-hour chart of BTC against USD(own elaboration in Tradingview) at a focal price of $24,190. There is a maxim in the market: “fundamental kills technical analysis”. Inflation of 8.6% in the US (expected 8.2%), which could trigger a 0.5%+ increase this week in interbank overnight rates, coupled with the cancellation of futures and payments from giant Greyscale, add to the bad news from Celsius (Cel) and Binance, which together are extremely strong. The most important of all are two things: DIG Fund’s correct risk vision in having concentrated on BTC (the crown jewel) and having maintained the long-term focus (at least one year) on its investment horizon. We do not doubt that this bump will pass and that we will soon be seeing the good results we are used to. The least advisable thing to do at times like this is to despair. We will keep you updated on further developments.