These are not predictions, just best guesses. Given the recent price breakdown my previous view is invalidated. I've updated how the price path toward the election might look like. I've drawn heavy inspiration from the 2021 path where we corrected from April till August.
I think we're near a bottom given the divergences on the daily and the washed out sentiment....
I keep trying to imagine what a very painful scenario would be that few are prepared for. I could see BTC linger in this "handle" right around the election. Then depending on who wins it might soar (Trump) or break down for a longer period (Biden). I'm not making a prediction, just an observation. The wait could be a bit shorter if it somehow becomes painfully...
Warning, this captures my current mood, it is not a trading idea in any way shape or form! I am trying to be very honest with myself about my own sentiment and I need a written record.
This is how I **feel** BTC will perform over the next several months to a year. My view is based on continued high inflation prints which will prompt the fed to raise rates more...
