BTC - The road to 15k or even 10k
Updated
Hello,
This is not financial advice, just my pure prediction.
I waited for this moment for so long, but finally, we are one week close to BTC's next possible price drop.
My prediction:
Soon BTC will make a final increase up to 22-23k and then will start to drop to 15k and then 10k.
Why do I think this will happen?
- We are close to one of the most significant recessions(you can look at my Dow Jones analysis from February, OIL Price, and other materials prices), and people have started to get their investments out from crypto to do more secured assets.
- The price action: As you can see, it will touch the 1D trendline very soon, and I don't think the bulls are too strong to push the price above it too much.
Maybe we can see a small bull trap, but the price will go down in the end.
- We are in a bear market
- Many crypto projects started to fall, and the fear in the market became more prominent and significant, making people short the price.
- The stock market is going down (see my last post on Dow Jones from February 2022)
This is not financial advice, just my pure prediction.
I waited for this moment for so long, but finally, we are one week close to BTC's next possible price drop.
My prediction:
Soon BTC will make a final increase up to 22-23k and then will start to drop to 15k and then 10k.
Why do I think this will happen?
- We are close to one of the most significant recessions(you can look at my Dow Jones analysis from February, OIL Price, and other materials prices), and people have started to get their investments out from crypto to do more secured assets.
- The price action: As you can see, it will touch the 1D trendline very soon, and I don't think the bulls are too strong to push the price above it too much.
Maybe we can see a small bull trap, but the price will go down in the end.
- We are in a bear market
- Many crypto projects started to fall, and the fear in the market became more prominent and significant, making people short the price.
- The stock market is going down (see my last post on Dow Jones from February 2022)
Order cancelled
Following my above prediction and how the market moved in the last days, I'm changing to be bullish on this up to 28-32k. If it hits this mark, I will start shorting BTC and other cryptocurrencies.
Related publications
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.