Forecast complete ✅ HOT summer for bitcoin has begun NOW!
Since beginning of June, Bitcoin has already fallen by -9%, why this is happening and what to expect next - I have already detail told in Tradingview post month ago.
Now the news about SEC lawsuit against Binance has begun to appear, but all this is «market noise», friends.
The fact that Bitcoin will fall was said in advance by technical analysis and macro factors.
What to expect next? 🔮
Unfortunately, the situation isnt in favor of growth for the main cryptocurrency.
In the US, the government debt ceiling has been raised, which means that the US Financian Department will borrow $1-2 trillion until the end of September 2023.
Also now there is a withdrawal of liquidity from the FED - all this together will play negatively on Bitcoin.
The dominance of Bitcoin
BTC.D in market is still kept at level of 47-49, which acted as a "ceiling" in last 2 years.
This means that altcoins are still holding on very well and we have not yet seen real sales in the crypt. But we will definitely see.
If you have altcoins in your portfolio, there is still a good chance to sell them at a good price.
🔰 By the end of June, we can see
BTCUSDT at $20-22k levels.
This will be a good level to start forming a mid-term long position.
Keep strong, buddy.
And have enough cash for buys!
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
Now the news about SEC lawsuit against Binance has begun to appear, but all this is «market noise», friends.
The fact that Bitcoin will fall was said in advance by technical analysis and macro factors.
What to expect next? 🔮
Unfortunately, the situation isnt in favor of growth for the main cryptocurrency.
In the US, the government debt ceiling has been raised, which means that the US Financian Department will borrow $1-2 trillion until the end of September 2023.
Also now there is a withdrawal of liquidity from the FED - all this together will play negatively on Bitcoin.
The dominance of Bitcoin
BTC.D in market is still kept at level of 47-49, which acted as a "ceiling" in last 2 years.This means that altcoins are still holding on very well and we have not yet seen real sales in the crypt. But we will definitely see.
If you have altcoins in your portfolio, there is still a good chance to sell them at a good price.
🔰 By the end of June, we can see
BTCUSDT at $20-22k levels.This will be a good level to start forming a mid-term long position.
Keep strong, buddy.
And have enough cash for buys!
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
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