We should carefully look for some good volume above $20k if this happens
then bitcoin is already reaching the bottom area were it could start the accumulation
phase or the long winter, unless we go to extend then price could drop near $10k
but on our counts and previous post (see attached file) were the price is around $45k
we already post that price could reach $20k or lower,
i think buying the deep this moment is not the best idea since bitcoin sideways
is longer and it could still go lower if things goes bad against bitcoin,
bitcoin hasn't prove that its a recession proof but if bitcoin goes to accumulation phase
this year then its possible that bitcoin can go up even in recession, since we know
feds will lower the rates once recession started to avoid a major collapse,
bitcoin cycle can change to shorter or longer bear market or even longer bullmarket,
just watch carefully how the feds will act on inflation.
thank you.
then bitcoin is already reaching the bottom area were it could start the accumulation
phase or the long winter, unless we go to extend then price could drop near $10k
but on our counts and previous post (see attached file) were the price is around $45k
we already post that price could reach $20k or lower,
i think buying the deep this moment is not the best idea since bitcoin sideways
is longer and it could still go lower if things goes bad against bitcoin,
bitcoin hasn't prove that its a recession proof but if bitcoin goes to accumulation phase
this year then its possible that bitcoin can go up even in recession, since we know
feds will lower the rates once recession started to avoid a major collapse,
bitcoin cycle can change to shorter or longer bear market or even longer bullmarket,
just watch carefully how the feds will act on inflation.
thank you.
Comment:
BTC 19,300 now this is what im telling last time, not good to buy $20k since it can go $18k or $13k.
