After it went down for 49% from it's ATH , Bitcoin is currently sitting just on the Super trend support line. I expect the 30K (maybe a nuke to 28-29 region) to hold. If it doesn't hold we might revisit 20K area, which will be the worst case scenario in my opinion.
It looks like a global recession is coming slowly after the stock and derivate markets also showed some signs of weakness after a tremendous rally over the last few years .
Inflation spiked worldwide, FED will most probably higher the rates again after this which is not positive for the global markets.
Tensions Russia-Ukraine (indirectly USA) , Kazakhstan coup, is also not helping .
Don't forget recessions/bear markets offers an life changing opportunity, this is the market where millionaires are in the making. I am personally full in stables for the last 2/3 months. Will start dollar cost averaging soon but not yet.
Wish you all good luck and position yourself wisely.
It looks like a global recession is coming slowly after the stock and derivate markets also showed some signs of weakness after a tremendous rally over the last few years .
Inflation spiked worldwide, FED will most probably higher the rates again after this which is not positive for the global markets.
Tensions Russia-Ukraine (indirectly USA) , Kazakhstan coup, is also not helping .
Don't forget recessions/bear markets offers an life changing opportunity, this is the market where millionaires are in the making. I am personally full in stables for the last 2/3 months. Will start dollar cost averaging soon but not yet.
Wish you all good luck and position yourself wisely.