Fullly aware that crypto market is in the dirt right now. Common sense is that even with a larger 1 trillion market cap price is still falling. which means all previous price data is inaccurate representation of its true value. aka a bubble.
this leads to new price discovery around the 10k mark. when price gets below 15k we will see a massive pull out of retail traders allowing institutions to come in with regulatory changes.
If in fact this prediction is correct, this will be a continuation of a bear market. Expect news of china and Russia continuing war efforts against Taiwan and Ukraine. The true value of bitcoin is probably around 4 to 5k.
I expect to see btc being worth 9k this year. I personally dont think the community in crypto is as smart as think. that being said, despite my btc price prediction. I think that the us stock market is going to go up higher.
Typically they have been correlated to a high degree but i dont think now that that will be the case going forward. But I will be taking shorts on the stock market as well to make sure I am balanced in case of a sell off.
Side Note::: If btc breaks above 25k this week I will have to change my mind. I see 25k as a huge psychological level. as we went from 27k to 21k in a matter of days previously. and Have not returned to 27k in over months.
happy trading. I have posted a video about this long term trend on my channel! Take care!
this leads to new price discovery around the 10k mark. when price gets below 15k we will see a massive pull out of retail traders allowing institutions to come in with regulatory changes.
If in fact this prediction is correct, this will be a continuation of a bear market. Expect news of china and Russia continuing war efforts against Taiwan and Ukraine. The true value of bitcoin is probably around 4 to 5k.
I expect to see btc being worth 9k this year. I personally dont think the community in crypto is as smart as think. that being said, despite my btc price prediction. I think that the us stock market is going to go up higher.
Typically they have been correlated to a high degree but i dont think now that that will be the case going forward. But I will be taking shorts on the stock market as well to make sure I am balanced in case of a sell off.
Side Note::: If btc breaks above 25k this week I will have to change my mind. I see 25k as a huge psychological level. as we went from 27k to 21k in a matter of days previously. and Have not returned to 27k in over months.
happy trading. I have posted a video about this long term trend on my channel! Take care!