All you need to know about #bitcoin and where it's at ,
Fundamentally and TA speaking ;
Fundamentally, there is a mixed feeling between Bulls and Bears.
They both have their solid case ;
Recently #bitcoin has been fueled in price by the Banking Crisis which is likely to continue,
and Feds may be on no support of banks bailout, as the US Debt Ceiling has reached it's climax and Congress seem to be very against expanding it furthermore.
All this Banking Craze might give #Bitcoin a real Bullish fundamental case when it comes to being applied as ;
' Be your own Bank '
... adding in to that, Technical Case of TA with 19.6K holding so far as a Higher Low from 15K
(which indicates a bullish uptrend momentum and a speculative Bottom there compared to previous Halving Cycles)
While with Bears on the other side foreseeing incoming looming times for Financial Markets
and a US Recession or a Global One (with BRICS coming forth united) adding high risk to
DXY
as a Global Reserve Currency.
China and Russia have been purchasing Gold heavily past year and ongoing through 2023
Bears have a real case as well as we've seen #bitcoin being highly correlated to Equities Sector of Wall Street, so it won't escape their gravity pull on Bearish Momentum.
Whatever happens between Bulls VS Bears
that is yet to be seen.
2023 has been so far the year of
XAUUSD
(Gold) and other precious metals due to Macro Economic Risks, Banks Meltdown, and Geo Politics (BRICS and Russia vs Ukraine ongoing war)
Bitcoin being an deflationary asset in it's nature , has out-performed them YTD with a high of 72% ROI .
Future belongs to the Bulls alongside deflationary assets.
Fundamentally and TA speaking ;
Fundamentally, there is a mixed feeling between Bulls and Bears.
They both have their solid case ;
Recently #bitcoin has been fueled in price by the Banking Crisis which is likely to continue,
and Feds may be on no support of banks bailout, as the US Debt Ceiling has reached it's climax and Congress seem to be very against expanding it furthermore.
All this Banking Craze might give #Bitcoin a real Bullish fundamental case when it comes to being applied as ;
' Be your own Bank '
... adding in to that, Technical Case of TA with 19.6K holding so far as a Higher Low from 15K
(which indicates a bullish uptrend momentum and a speculative Bottom there compared to previous Halving Cycles)
While with Bears on the other side foreseeing incoming looming times for Financial Markets
and a US Recession or a Global One (with BRICS coming forth united) adding high risk to
DXY
as a Global Reserve Currency. China and Russia have been purchasing Gold heavily past year and ongoing through 2023
Bears have a real case as well as we've seen #bitcoin being highly correlated to Equities Sector of Wall Street, so it won't escape their gravity pull on Bearish Momentum.
Whatever happens between Bulls VS Bears
that is yet to be seen.
2023 has been so far the year of
XAUUSD
(Gold) and other precious metals due to Macro Economic Risks, Banks Meltdown, and Geo Politics (BRICS and Russia vs Ukraine ongoing war) Bitcoin being an deflationary asset in it's nature , has out-performed them YTD with a high of 72% ROI .
Future belongs to the Bulls alongside deflationary assets.
Comment:
Comment:
Comment:
Trade active:
#Bitcoin Close to entering Golden Zone
(looking for a bounce)
#Bitcoin Close to entering Golden Zone
(looking for a bounce)
Comment:
#Bitcoin shorts chart
#Bitcoin shorts chart
Comment:
The infamous broadening wedge patters most people in crypto is looking at
Worth taking the Risk .
The infamous broadening wedge patters most people in crypto is looking at
Worth taking the Risk .
