BTC morning update 9/28

Greetings and good morning to all! As we near the end of the month I continue to see BTC trending downward to the 41-40k level today. Looking at the fear/greed index we have a daily reading of 26 which to me is still within a buying opportunity. I see this week being a sideways week in which we play between the mid 40k level to the lower 43k level. After which I feel we will begin to see an upwards movement. If you look back to years past you can see that September has traditionally been a laggard month for BTC and cryptos in general. October-December is where you'll see the parabolic gains IF we continue to follow the models and past price-trend. I believe we will end the year with a 115-130K bitcoin with flirtations at higher levels. Right now and the past few months might have seem like total brutality but in reality we are up over 30k YTD. The way crypto has worked is that you'll have a minor bull run followed by consolidation. You won't see new lows nor new highs in this period but rather a good 40-60% pull back followed by sideways trading. After you'll see some pretty gains.

Now, in terms of news. China is purely FUD. If you look at decentralized exchanges such as Sushi or Uni you'll see they have had impressive rallies since China's announcements. This proves that when crypto is being "banned" that it really cannot occur. I feel that DeFi is a strong play for the future considering this news as well as looking at the macros of global commerce specifically focusing on the developing nations. However, this is just my opinion and take it with a grain of salt. Until later

- J