Bitcoin price As a classic of the meeting week, the Fed started new support tests and the dollar lost 76 thousand dollars. In our warning yesterday, we mentioned that deeper bottoms could be paved the way. The process with Iran is still not progressing and the restriction of oil supply puts more permanent pressure on global inflation. So, what are the expectations of the cryptocurrency oracle?
Crypto oracle’s prediction
Roman Trading 2025 has been consistently making bearish predictions since the last quarter, and so far it has been right. However, with BTC testing $80,000, it was a matter of curiosity whether it would go to the grave like other periodic prophets. PlanB was on the agenda at the end of 2021 and Capo in 2022, with the attributes of “prophet”. Years after they sat on the throne, they were always wrong and ridiculed.
This season’s oracle still says the decline should continue. Roman Trading wrote the following in the market assessment he shared a few hours ago;
“So far so good. The bearish trend and low trading volume are supporting the downtrend.
The problem now is that we are observing the formation of bull divs in this decline and the trading volume is low; so we have to wait for the closing.
“I still think we will remain horizontal for a while and experience a sharp decline at the end of May.”
The analyst prefers to approach the current situation cautiously, as he said in his previous evaluations that the volume will increase with the decrease. As a matter of fact, he is not wrong; there is no positive news about the agreement with Iran. BTC It can quickly move above 80 thousand dollars.
How are stocks rising despite oil?
Iran war It’s not over and the oil price is still at 3-digit levels, but stocks broke a record yesterday as well. This isn’t too surprising during earnings report week. What you really need to know artificial intelligence The point the revolution has reached. This has now become a bubble too big to burst, so investors see everything else as noise.
The Kobeissi Letter addresses exactly this issue and explains the reasons;
“The 7 largest technology giants are preparing to invest more than 600 BILLION DOLLARS in artificial intelligence alone this year.
And as broader markets pull down tech giants like Nvidia and Alphabet, these stocks hit their cheapest Forward P/E levels since 2019. At the March 30 low, the S&P 500 Information Technology index was trading at a Forward P/E premium of just 4% to the S&P 500; This is the lowest level since January 2019. Technology stocks became cheaper than the average S&P 500 stock for the first time since 2017.
Nvidia, for example, is trading at only a ~26x Forward P/E multiple despite returning to record highs. Walmart? 43x. Costco? 46x.
The reality is that many large-cap tech stocks are only getting cheaper as they rise. And when they drop, they become extraordinarily cheap. We are in the biggest technological revolution in modern history, and even $100 oil, 4.40% 10Y Yield and interest rate cuts priced through 2027 can’t derail the train. Asset owners will continue to gain.”
