BTC Current situation and what is coming in 2023
We are seeing the continuation of the bear market, in my opinion.
Check the CCI on the chart and tell me when did it ever spike twice as it just did in the past 2 weeks? Never!
You can also see the fall off the RSI a couple of days following the fall of the CCI repeating over and over on the daily chart.
Not sure if you noticed lately at the grocery store the difference in price for EVERYTHING you buy!
People have no money to fuel crypto at this given time.
Feds will raise interest another .5% in February and will keep the interest rate up for the majority of 2023.
If Bitcoin repleats history as it did prior with 86% retreat from 69k we are looking at 9660$ to be the approximate flash bottom from 12k, +- 2 %.
By the end of 2023 you will start to hear better news about the economy , the probable end of the war in Ukraine , and the approaching halving of Bitcoin , there will be much better momentum for placing a jucy Long.
Trade safe
Check the CCI on the chart and tell me when did it ever spike twice as it just did in the past 2 weeks? Never!
You can also see the fall off the RSI a couple of days following the fall of the CCI repeating over and over on the daily chart.
Not sure if you noticed lately at the grocery store the difference in price for EVERYTHING you buy!
People have no money to fuel crypto at this given time.
Feds will raise interest another .5% in February and will keep the interest rate up for the majority of 2023.
If Bitcoin repleats history as it did prior with 86% retreat from 69k we are looking at 9660$ to be the approximate flash bottom from 12k, +- 2 %.
By the end of 2023 you will start to hear better news about the economy , the probable end of the war in Ukraine , and the approaching halving of Bitcoin , there will be much better momentum for placing a jucy Long.
Trade safe
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