I'm no bitcoin expert but some things are for sure. The last few weeks and days have shown again that Bitcoin is not an inflation headger and also not a safe investment haven. On the contrary. It stays gold.
The question is whether this was just a prolonged correction of sell-offs to allow the crypto giant to claim new highs in the near future, or whether the downtrend is staying the course. If it comes to not crossing the 40K, we should drop to the 30K. The potential for 25 - 20 K should then also be there, but is based on pure speculation.
The downward trend is supported by the geopolitical situation and future interest rate hikes.
What are your thoughts ?
The question is whether this was just a prolonged correction of sell-offs to allow the crypto giant to claim new highs in the near future, or whether the downtrend is staying the course. If it comes to not crossing the 40K, we should drop to the 30K. The potential for 25 - 20 K should then also be there, but is based on pure speculation.
The downward trend is supported by the geopolitical situation and future interest rate hikes.
What are your thoughts ?