Bitcoin price per month. Bottom 14300, top 230000, and 14 reason
I am in the crypto market for 4.5 years and I checked the chart nearly every day since December 2017.
Altcoins and Bitcoin will go down another 50%
Reason -
ECB start hike -> bullish for EUR
FED start hike for another year -> bullish for USD
Inflation highest in history- when this happened a recession follows
Chinese are banned from crypto transactions since December 2021 (exchanges not allowed to host Chinese users), drop in volume
Mt. Gox Bitcoin release since August 150k
Large Bitcoin wallet sending 10000+ Bitcoin to decentralized exchanges
Retail traders are completely destroyed and severely in debt; who will pump the market
Institutions who are responsible for the this bubble are liquidated
ETHBTC rejection
Altcoins fell while Bitcoin kept going
RSI is almost as high as BTC 48k!
Bearish ascending wedge
Strong resistance at 25-28k, no reason for institions to purchase straight into resistance with poor macroeconomic environment
Some important figures in crypto speak bullish but their wallets show sell off
Altcoins and Bitcoin will go down another 50%
Reason -
ECB start hike -> bullish for EUR
FED start hike for another year -> bullish for USD
Inflation highest in history- when this happened a recession follows
Chinese are banned from crypto transactions since December 2021 (exchanges not allowed to host Chinese users), drop in volume
Mt. Gox Bitcoin release since August 150k
Large Bitcoin wallet sending 10000+ Bitcoin to decentralized exchanges
Retail traders are completely destroyed and severely in debt; who will pump the market
Institutions who are responsible for the this bubble are liquidated
ETHBTC rejection
Altcoins fell while Bitcoin kept going
RSI is almost as high as BTC 48k!
Bearish ascending wedge
Strong resistance at 25-28k, no reason for institions to purchase straight into resistance with poor macroeconomic environment
Some important figures in crypto speak bullish but their wallets show sell off