Bitcoin BTC price will try to start a growth trend in a month
Updated
The past trading week was very hot. Many regulators of the world's economies summed up the results of 2022 and set priorities for 2023.
Nevertheless, the BTCUSDT price moved quite predictably
First, we saw the break-up of shorts stops, and now a logical correction price.
Also in this idea, we wrote about CPI and FOMC - Fed Funds Rate and how they influenced the movement of cryptocurrency prices, if you are interested, welcome! :
Today, we bring to your attention a possible scenario of the BTCUSD price movement.
On the chart, we have depicted a fractal according to which the price may move in the next six months.
The main point is that in the next month and a half we can expect a tedious consolidation of the BTC price
Then in late January - early February 2023 - a breakthrough impulse upwards.
Further trend movement upwards at least until mid-May 2023 and fixing a maximum in the range of $44-45k.
If you are wondering what the red, yellow, and green lines on our chart mean, we invite you to re-read our global idea.
Also, by subscribing to this idea, you will be able to follow the movement of the Bitcoin price on the weekly chart.
And what will happen to altcoins while the BTCUSDT price is in a month-and-a-half consolidation?
It is very likely that altcoins may start to selectively "shoot up". This is also a very important component in the emergence of a possible future growth trend
After all, if after more than a year of falling trend they finally start shooting up, it will show investors that the market is coming back to life.
And if the market comes to life, then you can start pouring in money.
And then the cascading growth: more fresh money - more pumps - all start to brag about how much %% they earned = even more fresh money, and this is the beginning of a full-fledged growth trend.
And by the way, the total capitalization of the crypto market now moves by the fractals depicted in the idea above. Probably everything is just in its infancy, it will be more interesting!)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Nevertheless, the BTCUSDT price moved quite predictably
First, we saw the break-up of shorts stops, and now a logical correction price.
Also in this idea, we wrote about CPI and FOMC - Fed Funds Rate and how they influenced the movement of cryptocurrency prices, if you are interested, welcome! :
Today, we bring to your attention a possible scenario of the BTCUSD price movement.
On the chart, we have depicted a fractal according to which the price may move in the next six months.
The main point is that in the next month and a half we can expect a tedious consolidation of the BTC price
Then in late January - early February 2023 - a breakthrough impulse upwards.
Further trend movement upwards at least until mid-May 2023 and fixing a maximum in the range of $44-45k.
If you are wondering what the red, yellow, and green lines on our chart mean, we invite you to re-read our global idea.
Also, by subscribing to this idea, you will be able to follow the movement of the Bitcoin price on the weekly chart.
And what will happen to altcoins while the BTCUSDT price is in a month-and-a-half consolidation?
It is very likely that altcoins may start to selectively "shoot up". This is also a very important component in the emergence of a possible future growth trend
After all, if after more than a year of falling trend they finally start shooting up, it will show investors that the market is coming back to life.
And if the market comes to life, then you can start pouring in money.
And then the cascading growth: more fresh money - more pumps - all start to brag about how much %% they earned = even more fresh money, and this is the beginning of a full-fledged growth trend.
And by the way, the total capitalization of the crypto market now moves by the fractals depicted in the idea above. Probably everything is just in its infancy, it will be more interesting!)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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