Markets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up. Stocks work like auction . During Bull runs -> Highest payer - bids up the prices and the averages increase. During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices...
pretty much self explanatory? this is the trend... see if it lasts. Halving good for btc. summers are good for btc. macro beneficiary Bollinger bangs are only reason that stops it from rallying?
A scenario where it gets to 100k by end of year. Just saving this up there)) needs to be led by the important moving averages (50ma, 200ma...). lets go!
BTC Perspective. 200dma slope. and trend line. ABCD123456789
Spx log scale trend; interesting! Market is not economy
BTC will go to 60-100K, following upcoming rally in stocks (cyclicals), as yields rise. Expect volatility in september? and bullish till end of year. The "craze" mindset will be back. save this post. Catalyst is 200dma which will work as a trailing support. anything bellow the 40k level is a buying opportunity with adequate risk management. Think the 40k was a...
new cycle. correction over tooooooooooo shooooooooooooort messsaageeeeeeeeeee
pointless to try predicting what markets gonna do; it will be sum of dollar falling/Crude oil rallying, 10Y behaviour (value vs growth performance), etc. Also IWM performance (fueling small caps), etc. Anything is possible. Longterm probably people underestimate the energy crisis/shortages, look out what changes after labor day?