CAKE, BTC/USD, Technical Outlook, Edition #121 (07/10/2021)
Bulls in a fervour as price action wrecks resistance at USD 51K 😵 Is price action heading to the moon - or back to the depths from whence it came? Find out Q's perspective now 👇
US Debt Ceiling looms overhead, Buyer optimism continues to soar
The US credit default narrative weighs heavy across the financial markets.
However, there is an elevated chance that the markets have already priced in inflation should US Senate Democrats succeed in lifting the debt ceiling.
In this case, Qluster analysts prepare to monitor US Federal Reserve activity that indicates the cranking up of printing to avoid its first credit default - in history.