According to this BTCUSD from May 2022, the bottom is in for Bitcoin. What do you think? How will the monetary policy affect the future price? Let me know in the comments!
Bottom between 10k (to match previous cycle drop of 85%) and 3.8k as the ultimate holding point from previous cycle low. Macro economic climate is very bad so my DCA gets heavier the lower we go in this range.
ARESABI
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@cryptodreamer79, thanks for your insight! I personally started DCAing below the 22k level. 10k would be a dream come true :)
trader-123456
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I think BTC will complete the cycle as always before, I see no reason why it would be different this time.
trader-123456
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It makes no sense to compare it with the Covid drop, it was an event outside the cycle, the (V)-shaped bottom will not happen now.
AlexTrade2
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@trader-123456, where is the cov drop? Have you even checked the charts above? bot.
trader-123456
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I see marked the bottom of the Covid slump (Feb 2020) , if I misunderstood, I apologize.
works2020
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I think there's more downside to come. The overall crypto market is down weighing too much on any upward momentum.
Tradersweekly
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Thank you for your view. I think the bottom is not yet in. We will see as time progresses further.
Macro economic climate is very bad so my DCA gets heavier the lower we go in this range.