The trend is showing a rapid decline in capital store in BTC, and if nothing changes is very likely that BTC will finish this trend back to the all time trend line. The area of interest is around 10k for a 'possible' floor where prices could stabilize, however, bottoms and tops prediction is illusive as the end of a rainbow.
After watching the latest devastating revelations in the crypto market, I now believe that BTC is overvalued a great deal, and I am very pessimistic of what a fair value for it could really be.
Let's watch and see, but I don't expect any change in this trend direction, at least for the first quarter of 2023.
After watching the latest devastating revelations in the crypto market, I now believe that BTC is overvalued a great deal, and I am very pessimistic of what a fair value for it could really be.
Let's watch and see, but I don't expect any change in this trend direction, at least for the first quarter of 2023.
