Bitcoin's 2023 End-of-Year Forecast: What the charts ShowIt seems that the media and press have once again launched an attack on Bitcoin during bear markets, with the intention of eroding the confidence of cryptocurrency holders, particularly those who own ether and bitcoin. The current attacks seem to be motivated by the future implementation of the weight of the coercion and coercion apparatus that is the state through CBDCs (central bank digital currencies), which are simply an innovative way for the government to control the population and create money that moves faster than anything we have ever seen. This will surely lead to a final rally in terms of dollars. Since the ways in which money can be changed with CBDCs make it impossible to predict how they will be used, it's important to remember that blockchain technology is capable of performing multiple operations simultaneously and doing so effectively.
Allow me to provide a description of my work over the years. I have been tracking the evolution of most markets through pickfork channels. I do not use traditional methods; instead, my method involves drawing a parallel channel that encloses two minimum prices and two maximum prices. On top of this channel, I plot the pickfork by placing the average on the average of the parallel channel and adjusting the pickfork channel exactly on top of the parallel one. This allows me to see a distribution of prices that converges very well with fibonacci levels of the pickfork.
Therefore, it is clear that we are approaching in the coming months a possible long-term accumulation zone for Bitcoin. Without a doubt, FUD (fear, uncertainty, and doubt) will increase as the economic recession knocks on our door. CBDCs will be a tool to abandon the current dying system. Keep your eyes open and you will be able to see more clearly what the charts show.
