Bitcoin Analysis Update 🆕🆙
Before directly analyzing Bitcoin itself, we will deal with the relevant information
Things are currently affecting our analysis:
1. The start of the war between Ukraine and Russia could have a devastating effect on the cryptocurrency market for a short time
2. Despite high inflation in the United States and the fact that the Federal Reserve has decided to increase interest rates seven times, we will move towards a shrinking economy, which is not good for BTC at all. And can lead to a prolongation of the btc downtrend.
3. Accounts that have been holding btc for more than a year are increasing, which can be a positive thing for btc. Of course, this will also take some time to have a positive effect on the market --->decentrader.com/charts/1y-hodl-wave/
Due to the above interpretations and the current situation of btc, it is predicted that we will not have a very strong upward movement for at least the next 1 to 2 months.
----------- > this is My previous analysis
3 scenarios are possible for btc to continue moving.
1. In the most optimistic case, the uptrend from the range of $ 42,000, which is not very likely due to the situation in the US economy and the situation in Ukraine and Russia mentioned above, and the situation of the SPX chart, is unlikely to occur. ------- > tradingview.com/chart/l0TfAqQk/?symbol=SP:SPX
2. The most realistic scenario is to move to the level of $ 33,000, and then start an upward movement, which for such a scenario to occur, the important level of $ 39,000 must be broken again, which is highly possible.
3.Down to $ 29,000, which is a very, very important level that requires breaking the two levels of $ 39,000 and $ 33,000, which is unlikely. But if this scenario happens, it will be very difficult for BTC and the start of the uptrend will start with a long delay (this scenario does not seem very likely due to the increase in whale purchases and increase in long-term accounts, but it should not be forgotten He did)
Given the macroeconomic situation and the BTC chart, it still takes time to start a strong BTC rally. But on the other hand, BTC is at a price level that can not be expected to fall too much. But the possibility of BTC going into oscillation mode is very high.
Which is good for taders but not very good for holders
Things are currently affecting our analysis:
1. The start of the war between Ukraine and Russia could have a devastating effect on the cryptocurrency market for a short time
2. Despite high inflation in the United States and the fact that the Federal Reserve has decided to increase interest rates seven times, we will move towards a shrinking economy, which is not good for BTC at all. And can lead to a prolongation of the btc downtrend.
3. Accounts that have been holding btc for more than a year are increasing, which can be a positive thing for btc. Of course, this will also take some time to have a positive effect on the market --->decentrader.com/charts/1y-hodl-wave/
Due to the above interpretations and the current situation of btc, it is predicted that we will not have a very strong upward movement for at least the next 1 to 2 months.
3 scenarios are possible for btc to continue moving.
1. In the most optimistic case, the uptrend from the range of $ 42,000, which is not very likely due to the situation in the US economy and the situation in Ukraine and Russia mentioned above, and the situation of the SPX chart, is unlikely to occur. ------- > tradingview.com/chart/l0TfAqQk/?symbol=SP:SPX
2. The most realistic scenario is to move to the level of $ 33,000, and then start an upward movement, which for such a scenario to occur, the important level of $ 39,000 must be broken again, which is highly possible.
3.Down to $ 29,000, which is a very, very important level that requires breaking the two levels of $ 39,000 and $ 33,000, which is unlikely. But if this scenario happens, it will be very difficult for BTC and the start of the uptrend will start with a long delay (this scenario does not seem very likely due to the increase in whale purchases and increase in long-term accounts, but it should not be forgotten He did)
Given the macroeconomic situation and the BTC chart, it still takes time to start a strong BTC rally. But on the other hand, BTC is at a price level that can not be expected to fall too much. But the possibility of BTC going into oscillation mode is very high.
Which is good for taders but not very good for holders
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