NASDAQ fractal predicts big rise in Bitcoin prices is coming
A fractal analysis by Coiner-Yadox demonstrates that Bitcoin prices may soar higher in the coming weeks. The analysis is based on comparing the past performance of the NSADAQ with Bitcoin prices. In addition to the compelling analysis by Coiner-Yadox, there are fundamental reasons why Bitcoin may appreciate when compared to fiat currencies.
Raoul Pal, the CEO of Real Vision, recently commented,
“Most people don’t understand the latter but is simply put, Powell has shown that there is ZERO tolerance for deflation so they will do ANYTHING to stop it, and that is good for the two hardest assets – Gold and Bitcoin. Powell WANTS inflation. I don’t think he gets true demand push inflation but he will get fiat devaluation, in conjunction with the other central banks all on the same mission.”
Why it matters: Central banks have taken extraordinary steps over the past few months to shore up a broken global financial system. While these policy actions have calmed markets, and ramped asset prices, there will likely be more problems down the road. Inflation is the only way for central banks to deal with both the debt they have created, and ensure that defaults are kept at a minimum. Many central bankers think they will be able to control inflation, but history shows us that this isn't going to be the case in the medium term. Bitcoin and other major tokens may rally on the back of this situation, and log new all time highs in USD terms over the coming years.