2023-05-27 21:16:32
While we are waiting for the development of the situation on the cue ball, let's talk about global expectations and the upcoming bull.
What should we expect from this bullish cycle in general? Friends, my opinion is that the whole bull of this year will be in the summer. Because after turning on the printing press, trillions of liquidity will pour into the markets. We will update this year's bitcoin highs, see a local bullish altseason, and that's probably all.
Do not forget that soon we will have halving of bitcoin, in 2024 and, most likely, we will see a lot of FUDa, there will be a dump, there will be a correction. And do not forget about the fight against inflation, about the Fed - the Fed's balance sheet will continue to be reduced. There will be more snowfall. The stock market will go down, and if we take into account any correlation, BTC will also sink, but I think not so much.
From my expectations for the cue ball, we will be walking in the range of ~ $ 22,000 - $ 40,000 for a couple of months, weak participants will be harassed. Just before halving, a slow growth will begin, developing into a full-fledged bullish cycle during which we will see a cue ball over $ 100,000.
And again a few words about the local picture. Well, before that, many arguments were given regarding the fall of BTC. And what about the arguments in favor of continued growth? Well, dear friends, from a technical point of view, we still have a bullish wedge on the chart and plus we are above 100MA on the day, it holds us back.
You must be prepared for any outcome of events in the market, nothing can be guaranteed at 100%, that's why you need to keep at least some position in case of growth. It's better than not having it at all. Good luck to everyone.
1.4K viewsMerc Hawk, 18:16
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