Pessimistic background may cause crypto winter with the worst scenario ‐ 1000$ levels for 1 BTC. It is apocalyptic scenario if salvador will bancrupt and big institutional investors like Micro Strategy, Tesla, Coinbase, PayPal and hedge funds will leave crypto market and derivative market.
One more reason for apocalypse is stablecoin buncrupting. Terra UST already scammed anyway. Big crypto operators like Binance and Celsius have withdraw issues. The biggest stablecoin - USDT is offshore non-transparent company token. Tether already had problems with regulatory auditor. New U.S. law may cause new issues with audit because stablecoins must have 100% USD backing. Tether has risk to fail next audit.
Now bitcoin falling synchronously with world and US market. All investors are switching to risk-off mode, selling risky actives like IT stocks and crypto. The most stable actives in the world now are U.S. treasuries and USD cash. Current market crash may stuck in flat. Bitcoin flat range is 10 000 - 20 000 USD for 1 BTC in yellow scenario.
Green scenario has lowest chances in my opinion. We will see it if world-market drop will be passed by quickly. Now bitcoin price comes to the dynamic upper trend lower border. We can see border bounce, but this bounce also may be fake.
One more reason for apocalypse is stablecoin buncrupting. Terra UST already scammed anyway. Big crypto operators like Binance and Celsius have withdraw issues. The biggest stablecoin - USDT is offshore non-transparent company token. Tether already had problems with regulatory auditor. New U.S. law may cause new issues with audit because stablecoins must have 100% USD backing. Tether has risk to fail next audit.
Now bitcoin falling synchronously with world and US market. All investors are switching to risk-off mode, selling risky actives like IT stocks and crypto. The most stable actives in the world now are U.S. treasuries and USD cash. Current market crash may stuck in flat. Bitcoin flat range is 10 000 - 20 000 USD for 1 BTC in yellow scenario.
Green scenario has lowest chances in my opinion. We will see it if world-market drop will be passed by quickly. Now bitcoin price comes to the dynamic upper trend lower border. We can see border bounce, but this bounce also may be fake.