BTC Update Sunday April 24th: BTC caught in Global Sell Off
Greetings friends
If you had a chance to read the longer Mid April report I had thought the 2nd half of April had some promising signs for a rebound, unfortunately that has not been the case. However I did also explain that there were three astrological risk factors that might derail a rally. Here's what I said in that April 16th report
"The second half of April is potentially positive for BTC, Uranus is still trine BTC Sun through April 22 and could show up late, and there are a host of potentially favorable minor transits and aspects.
"However, don't get too complacent, there are 3 main risks that could dump on us. The main risk factors are the #1 Mars in Pisces period April 14- May 24, #2 Pluto Station Rx April 29, and #3 the April 30th Solar Eclipse in Taurus conjunct Uranus.
Mars in Pisces is a risk because any activity in Pisces has not been favorable for BTC generally, and the previous four period of Mars in Pisces have been very mixed and volatile. Pluto stations can occasionally bring dramatic breakdowns in price. The eclipse is a risk factor because eclipses can be rough and the conjunction to Uranus looks chaotic and unpredictable."
So although there were some favorable aspect alignments, those bullish signals did not play out. And difficult Macro economic factors continue to play out as Fed Char Powell said the Fed was ready to raise rates more aggressively this week and and BTC has been caught in a global market sell off that has hit Big Tech especially hard. So it's important to realize that BTC will not rally until Stocks also find support and rebound.
Crypto is holding up better than some huge tech names, Stocks like Facebook, Netflix, Shopify and Zoom are down 75-80% from 2021 highs,
Keep reading with a 7-day free trial
Subscribe to The AstroCryptoReport to keep reading this post and get 7 days of free access to the full post archives.