March Madness 2023. Destination Houston 🚀✨March has arrived, and with it comes a feverish excitement that can only be described as "March Madness." 🏀
For those who may not be familiar, March Madness is a month-long college basketball tournament that is a beloved American tradition. It's a time when underdog teams (just like some Alts) can rise to the occasion and make a run for the championship, and when fanatical supporters of all stripes come together for the 2023 final-4 in Houston Texas🚀
But this year the excitement in Houston is not limited to just the basketball court.
✨👩🚀The city is also the site of the NASA Johnson Space Center, where spaceships are launched to the stars. And just like the astronauts who boldly go where no one has gone before, Bitcoin traders are eagerly eyeing the stars as well.
This March could be a big month for the cryptocurrency. Just like the rockets that blast off from Houston, Bitcoin has the potential to soar higher, where it belongs.
🙂We're looking at a potential breakout to $26,700 this month, and if the momentum holds, we could even see Bitcoin climb towards $45,000 by the end of the year.
☞☞☞☞☞☞☞☞🏀Want my prediction for 2024? Look for the basketball on the chart and let me know in the comments ☜☜☜☜☜☜☜☜
So, Bitcoin could be poised for a strong run, thanks to a combination of factors such as the recent consolidation phase, the Bitcoin Halving, stock-to-flow ratios, and other fundamental indicators. Feds are signaling a 'close to 6% rate hike which means we are almost there with that. (👨🏫Rates where at 5,5% before 2008, which is fine, even if inflation takes time to drop closer to 2%. When we mention inflation, please always remember, Bitcoin is a finite product.. it has a limited number = deflationary...right?)
Just like a basketball game, the cryptocurrency market can be unpredictable and volatile. We need to stay disciplined and not let our emotions get the best of us, so let's take a look at support levels, in order to have chances to come out on top:
💹 22,221 is strong support so remember to buy that level, if we see it (less than 40% likely imho).
On the other hand 26,700 is a significant resistance which when checked will have the 25k as strong psychological support. Let's go there first and you will get an updated chart from me, i promise.
So, as March Madness gets underway in Houston, don't forget to keep an eye on the Bitcoin market as well. Whether it's a buzzer-beater on the basketball court or a moonshot for Bitcoin, anything can happen in this exciting month of March.🏀
🦄 As for the Cinderella team that can win the NCAA or stand out in the tournament, it's just like looking for that Alt that can multiply in value many times.. it exists and we may all try to find it but remember: Bitcoin should be the main asset to hold, as the rest have bigger dangers attached to the bigger potential returns. I do have an idea which tokens those unicorns may be but that's another story.
Bitcoin first! One love
The FXPROFESSOR 🏀✨
ps. Be ready Houston, we need no more problems. Just lift-off
