Hey traders its @ArShevelev , It is possible that the recent banking crisis will demonstrate the true value of Bitcoin
Despite banks' shares sliding down by 70%, Bitcoin passes the bank stress test as it has been performing nicely, gaining 75% from its bottom.
This resilience of Bitcoin during times of economic uncertainty has been attributed to its decentralized nature, which means it is not controlled by any government or financial institution.
Additionally, Bitcoin's limited supply and the fact that it is not subject to inflationary pressures have also contributed to its appeal as a safe-haven asset.
As more investors seek alternative investments outside of traditional financial systems, cryptocurrencies like Bitcoin are becoming increasingly popular as a means of diversifying portfolios and mitigating risk.
In my opinion, it would be prudent to carefully evaluate the current price structure by crossing and retesting the 29,000 level, which serves as a critical support/resistance level. It is reasonable to anticipate potential price movements above the 29,000 level within the range of 41 to 30 over the coming months or even a year.
I have included my price prediction drawings on the chart below for your reference.
STOP EVERYTHING and check out the mind-blowing Accumulation PATTERN you've NEVER seen before:
Best regards,
Artem Shevelev
Despite banks' shares sliding down by 70%, Bitcoin passes the bank stress test as it has been performing nicely, gaining 75% from its bottom.
This resilience of Bitcoin during times of economic uncertainty has been attributed to its decentralized nature, which means it is not controlled by any government or financial institution.
Additionally, Bitcoin's limited supply and the fact that it is not subject to inflationary pressures have also contributed to its appeal as a safe-haven asset.
As more investors seek alternative investments outside of traditional financial systems, cryptocurrencies like Bitcoin are becoming increasingly popular as a means of diversifying portfolios and mitigating risk.
In my opinion, it would be prudent to carefully evaluate the current price structure by crossing and retesting the 29,000 level, which serves as a critical support/resistance level. It is reasonable to anticipate potential price movements above the 29,000 level within the range of 41 to 30 over the coming months or even a year.
I have included my price prediction drawings on the chart below for your reference.
STOP EVERYTHING and check out the mind-blowing Accumulation PATTERN you've NEVER seen before:
Best regards,
Artem Shevelev
🔵 🟡 𝗙𝗥𝗘𝗘 & 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: t.me/+5hlxWmhHaKplN2Rk
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🔵 toobit.com/t/ArShevelev 🔵
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