Bitcoin & it reaction to Interest Rate changes since March 2022Bitcoin / U.S. dollarBITSTAMP:BTCUSDOrriginal I have simplified this chart by removing the Key moments brought on by the introduction of Interest rate changes. The initial Collapse of some Key Crypto companies, mostly due to overindulgence and Stupidity.. The time has past and we have entered a new regime However. it is still Very interesting to see how Bitcoin has reacted to Rate changes since the changes were introduced in March 2022. For me, the descent of BTC PA from its ATH in Noveber 2021 was not brought on by Banks as some have said. It is allpart of the usual cycle. However, the increased cost of Borrowing DID begin to destabalise many companies and ultimaltly, brought down a number of Key companies, including the organisations that lent money, like BANKS> And in this time, Bitcoin Did Drop below its 200 Week Moving Average for the first time in its history. This happened more as a result of companies getting scared and NOT because Bitcoin was Weakened by it. In Fact, its recivery in January 2023 was perfectly Timed and, as you can clearly see in the Green Box, Bitcoin began to RISE even though Consecutive rate rises of 75, 50, 25, 25 & 25 pts were placed against the cost of FIAT Loans. This showed HUGE strength anf determination. The results of which we see today. And then Bo rate rises were imposed, Borrowing was still expensive. And Bitcoin Rose loike a start, ETF;s arrived etc etc. And now, we see the Federal Reserve begin to Pivot once again. BITCOIN is a GIANT and is only just waking up The last time Bitcoin Dropped Rates, BTC PA did Rise to the levels we are currently used to seeing. Whats Next ? I am hoping for at least 155K