Taking BTC as a reference for all the crypto currencies.
BITCOIN IS STILL THE SHORT FOR THIS YEAR. IT WILL BE SELL ON RISE TILL FEB 2024. FOLLOWING THE REASON-:
WE HAVE TO FIRST LOOK HOW ACTUALLY BITCOIN MOVED IN PAST. The connection between btc and fed res is greater than Batman And Robin! Bitcoin first surged when there were continuously money printing in the markets and people didn't have much many ideas to invest in at that time. In 2020, during Covid times all the money came in trucks for Bitcoin.
However, the question arises if there is any chance for it to move up or is it dead? Or every bounce is a dead cat bounce.
As long as there are rate hikes by FED, Bitcoin will be sell on rise! There will be first rate cut by FED around mid of 2024...But Bitcoin will make a bottom one quarter before that! Cause markets always move ahead of time!
Levels you need to watch out for BTC will be the last year low, that will be broken in Dec! When it does One should start investing in it with just a carefull mindset until than just play the shorts as much as you can and mint money!
BITCOIN IS STILL THE SHORT FOR THIS YEAR. IT WILL BE SELL ON RISE TILL FEB 2024. FOLLOWING THE REASON-:
WE HAVE TO FIRST LOOK HOW ACTUALLY BITCOIN MOVED IN PAST. The connection between btc and fed res is greater than Batman And Robin! Bitcoin first surged when there were continuously money printing in the markets and people didn't have much many ideas to invest in at that time. In 2020, during Covid times all the money came in trucks for Bitcoin.
However, the question arises if there is any chance for it to move up or is it dead? Or every bounce is a dead cat bounce.
As long as there are rate hikes by FED, Bitcoin will be sell on rise! There will be first rate cut by FED around mid of 2024...But Bitcoin will make a bottom one quarter before that! Cause markets always move ahead of time!
Levels you need to watch out for BTC will be the last year low, that will be broken in Dec! When it does One should start investing in it with just a carefull mindset until than just play the shorts as much as you can and mint money!