When I see this chart, I recognize that we are essentially hanging about and trying to figure out where to go next. Bitcoin does struggle in general as the markets will try to figure out how to take risks in an environment that central banks continue to tight monetary policy. There was a little bit of excitement during the day as the Australian central bank decided to raise rates by only 25 basis points, but that’s a long way from loosening monetary policy. Nonetheless, some people looked at it as the “green light” to start buying risk assets. Ultimately, this is a rally that will get squashed again, as there is no ... (full story)