is bitcoin really gonna crab between 60-70k until warsh takes office in may and cuts rates?60k is rock fucking adamantium support floor that isn't getting breached.
>>61920655Rate cuts are canceled pal. Inflation is going to keep coming in higher because of oil costs .
>>61920673retarded take, the U.S. produces most of its oil domestically, we're also seizing venezuelas oil like crazy.
>>61920687lol. You need to go back with your stupidity . American oil is more expensive to extract compared to Saudi. We don’t have to refineries to utilize Venezuelan heavy crude . Thanks for playing though I’ll be on the other side of the trade of your dumb ass .
>>61920673kek
>>61920673incorrect.
>>61920655Its a fortress!
>>61920706We have refineries in the gulf that can process heavy crude oil. Saudi oil is cheaper to produce but you then have to buy it from them at a markup and pay to ship it to the us. There is like a 4 dollar price difference between the two landed.
>>61920760Faggot limited capacity refine doesn’t mean we can just straight up replace non heavy crudes with Venezuelan oil . And Saudi oil just got more expensive to import. Thats the point you retard energy costs are going up . Which means cpi is going up which means no rate cut. lol
