We made a general analysis of BTC-World stock markets in the past days. I am proud and happy to be right in our analysis.
We saw hard selling in the market on Thursday and Friday.
I think this is because the Fed's emphasis on stability in inflation.
Regardless, when the risk of recession becomes heavy, interest rate hikes will come to an end. Of course, this may take some time. I expect the recent sharp declines to continue.
When we examine the monthly chart of Bitcoin;
The critical level is the level of 20k. If the price close is below 20k on a monthly basis, bitcoin can be withdrawn to the level of $ 10k. The price must pass the resistance of 25k in order to see upward increases.
We saw hard selling in the market on Thursday and Friday.
I think this is because the Fed's emphasis on stability in inflation.
Regardless, when the risk of recession becomes heavy, interest rate hikes will come to an end. Of course, this may take some time. I expect the recent sharp declines to continue.
When we examine the monthly chart of Bitcoin;
The critical level is the level of 20k. If the price close is below 20k on a monthly basis, bitcoin can be withdrawn to the level of $ 10k. The price must pass the resistance of 25k in order to see upward increases.
