CPI data from the inflation is nothing but a rally because cools down. %7.3 down to almost 7%
BUYERS THIS IS NOT ENOUGH… we are still in a bear market also this still lead to a recession fears because the Feds will keep raising interest hikes.
The important meeting is on the 15th the Feds decision.
For bitcoin we aren’t bottomed yet.. bitcoin could drop down 12-10k as we already know it because it’ll lead to miner capitulation is when they’ll exit and this will lead to a death spiral. Overall it is repeating itself back in 2018, before it hits 19k we should be seeing a huge massive drop. Should expect a bottom to hit sometime before Q2 of 2023.. I know 12-10K is the bottom .. if it doesn’t confirm then we will see even further downside.
Trade safe y’all and becareful
BUYERS THIS IS NOT ENOUGH… we are still in a bear market also this still lead to a recession fears because the Feds will keep raising interest hikes.
The important meeting is on the 15th the Feds decision.
For bitcoin we aren’t bottomed yet.. bitcoin could drop down 12-10k as we already know it because it’ll lead to miner capitulation is when they’ll exit and this will lead to a death spiral. Overall it is repeating itself back in 2018, before it hits 19k we should be seeing a huge massive drop. Should expect a bottom to hit sometime before Q2 of 2023.. I know 12-10K is the bottom .. if it doesn’t confirm then we will see even further downside.
Trade safe y’all and becareful
