Bitcoin tried and failed multiple times to shatter that key 80000 level yet the real mystery is why it hasn’t crashed way harder lately.
BTC Should Be Absolutely Crumbling 🦇
After all the macro vibes feel super unbullish right now with fresh US Iran clashes the hawkish fed and those surprisingly solid jobs numbers. The latest drama hit this weekend as both sides exchanged fresh attacks once Iran’s revolutionary guard fired ballistic missiles at two US navy vessels. The US hit back on three Iranian crude carriers while the middle east nation struck tankers and US linked ships around the strait of hormuz.
exchanged fresh attacks after Iran’s Revolutionary Guard launched ballistic missiles against two US Navy vessels
— HormuzReport (@HormuzReport) link
This escalation hits way past politics as brent crude pushed toward 100 per barrel again sparking worries over energy flows 🖤. Higher oil prices directly boost inflation making the feds choice next week even tougher. The US central bank turned into another headache for btc after chair kevin warsh went full hawkish at jackson hole last week stressing inflation stays too elevated and the fed might still need more work.
Rate Hike Odds Just Exploded 💀
September rate hike chances surged after his speech and climbed higher following fridays jobs report which revealed the us economy added 162000 jobs in august nearly triple the 56000 expected while unemployment held steady at 4.1 percent. Though solid for the economy risk assets like btc suffer as dreams of loose policy fade amid rising inflation 🌙. September rate hike odds peaked at 65 percent the two year treasury yield hit its highest since january 2025 the dollar strengthened and stocks faced pressure 🕸️. Bitcoin fell 3000 at first then bounced back quick.
Still Absorbing All The Bad Vibes 🔮
Everything above paints a nasty scene for risk on plays like btc yet it chills at 80000 even through the weekend when middle east attacks restarted and sits up about 25 percent over the past month. Some of the reason btc looks this strong comes from etf flows those funds keep sucking in huge cash with thursday as a standout example over 730 million poured into the etfs marking the biggest single day since january 🩸. Even wilder gold dropped a big chunk of its mid august gains while btc stays firm though nothing guarantees it stays safe forever in fact two big threats loom in the next 10 days or so 🐈⬛. First comes the cpi drop on september 11 a hotter read especially with oil climbing could shove rate hike bets even higher then the fomc meeting wraps on september 16 a rate bump paired with more hawkish talk from warsh might finally crack btcs key supports.
Just another echo from the void by iconofsin.eth 💖
