The last fall and the biggest rise !$!
Bitcoin in the most important and time frame (weekly) has definitely broken the biggest upward trend and channel in its entire history (12-year channel) and is now testing the main trend line and pullback to the previous support and current resistance, and at the same time We have a dynamic and valid trend line from the peak of $69,500 above the price, which the overlap of the price with the pullback now gives us double confirmation, and at the same time, the indicators and oscillators also confirm this theory. So, at this time, it is the most important thing to stay in cash until the bottom of 10-12 thousand dollars. On the other hand, the overlap and complete matching of Bitcoin with the Nasdaq index is another confirmation because the Nasdaq is also completely ready for a bigger decline in the weekly horizon to the bottom of its 11-year trend. As a result, be careful of market traps because the market will reach the bottom in early 2023 and will build a huge floor and support by early 2024, and with the beginning of 2024 and the halving of Bitcoin and the beginning of prosperity in the global economy, especially in America, the huge upward trend of Bitcoin And the Nasdaq will start, and in mid-2025, a peak of $200-250,000 for Bitcoin is completely within reach.
Keep in mind that Bitcoin was born after the crisis of 2008 and this is the first practical crypto experience of a huge recession, so we must be realistic without prejudice, because now Bitcoin has a huge long-term upward potential, but the same Stocks are working (albeit a little better), so according to Blackrock's (economic giant) prediction, 2023 will be a strange year!!!
From the people for the people CCAW #shib
Greetings to Ryoshi and Satoshi
BTC
This is not a financial advice at all, so analyze and check it yourself (disclaimer).
But the occurrence of this analysis is certain.!!!
Keep in mind that Bitcoin was born after the crisis of 2008 and this is the first practical crypto experience of a huge recession, so we must be realistic without prejudice, because now Bitcoin has a huge long-term upward potential, but the same Stocks are working (albeit a little better), so according to Blackrock's (economic giant) prediction, 2023 will be a strange year!!!
From the people for the people CCAW #shib
Greetings to Ryoshi and Satoshi
BTC This is not a financial advice at all, so analyze and check it yourself (disclaimer).
But the occurrence of this analysis is certain.!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.