Bitcoin is Healthy, it’s Ready to Turn!

The economy has a total public debt as percent of GDP climbing as CPI inflation does the same at record shattering rates.  Yet, the stock markets always shrugs it off and keeps climbing up.  This is unsustainable:

Then consider the non seasonally adjusted inflation numbers for selected catagories in this chart below:

Ric Edleman predicted 1/3 of all Americans will own Bitcoin this year.  He has more assets under management ($260 Billion) than any other institutional investor in the US, click here to view on Twitter.
 

So with runaway inflation continuing to persistently raise it’s head.  4 rate increases are expected by the Fed in 2022.  Will that be enough, will it move the needle for the US economy?  We have consistently said, the deflationary crash risks are so high with this move projected, plus tapering QE.  At some point, we see a reversal back to QE, to lessen the blow of 4 rate hikes in a year.  We will find out later on how this plays out.  In the end, we believe the Fed will have to back down and not raise rates as they have been threatening.  Not to mention, the fact that Bill Miller, another massive institutional investor legend, has 50%, half of his net worth in Bitcoin!  Smart money is flowing to Bitcoin, it is very obvious.  
 

Yet, Bitcoin gets shorted back down everytime it goes on a run.  2021 proved that very well especially in the fourth quarter!  We will see more volatility in 2022. This bullish chart from this week shows price is trending back up after a 42% crash since November.  It also shows predicted funding is down to record lows and open interest (leveraged longs and shorts) is way up, to record levels.  Will price action turn around.  It has been brought to $44,560 so far.  Then it was shorted back down some, as usual for early 2022:

This next chart may shed more light on the potential for a short squeeze soon.  The open interest market cap is way up, to record levels, while price has been heavily suppressed for over two months now:
 

The last time the open interest gap was this wide, Bitcoin went on a huge rally.  That was in July through November 2021.  It went from $28K to $69K!  Over the next 90 days a 250% or larger move could ensue.  Time will tell!  We see that as a possibility.  Open interest and price action should not be this far apart.  A short squeeze should unfold!  Wait for it.  Buy the dip.  Get ready, a move is on the horizon.
 

Hash rate is now at record levels.  Bitcoin is very healthy.  We just need the short squeeze to begin:


Miners are hoarding Bitcoin as well.  Expect a turn, buy this dip in the low $40K’s.  It will NOT stay this cheap!
 

Neutral ATM is here to get everyone off of zero Bitcoin.  

Give Neutral ATM a try.  We have low rates, convenient locations and we are expanding. Contact Neutral ATM, we will answer all your questions about Bitcoin and using our ATM machines. Find a Neutral ATM Bitcoin machine location near you.