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Seeking Alpha 2021-03-15 22:39:58

Respect The Market, Like Bitcoin More

Last week’s market performance shows there’s still bullish momentum in the market.We respect the technicals even if we don’t like the fundamentals around inflation and interest rates, so, instead, we’re rotating.The same negative market fundamentals set up nicely for Bitcoin, and the short-term technicals line up well there too.The longer-term upside for Bitcoin is encouraging, but we think it can move now as well.The thing to watch out for this week is the FOMC meeting. The last two times Jerome Powell spoke, the market didn’t like it.

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