๐นBTC and Crypto Winter โ๏ธโ๏ธโโ Last chance for BITCOIN ๐๐
Are we in the bitcoin winter right now; Or has it not yet arrived and there is still another bullish leg leftโ
As you probably know in order to have an bullrun cycle , something that drives the price ,is a huge volume and significant injection of liquidity to the market, which we have not seen anything special yet, compared to the previous Bullruns in 2013 and 2017.
this piece of puzzle hasn't revealed yetโ
and In my opinion, something that makes Bitcoin grow In 2020-2021, it was mostly due to the weakening of the dollar index and the increase in inflation, not just the entry of volume and liquidity into Bitcoin and the crypto market necessarily
and I guess that the big smart moneys hasn't injected yet .
and in the fractal point of view , as you know history usually repeats itself in the markets again and again , and I expect this will happen again for BTC , But the most important questions are ; Are we in the bitcoin winter right now; Or has it not yet arrived and there is still another bullish leg left?
Where is the position of BiTCoin right now , compare to its before cycles ?
, and as we see in the chart of the dollar index (DXY ) it almost have a reversal relation with BTC , and after any bullish cycle of DXY, bitcoin has started a downward trend and winter phase like after 2017-18 of btc bullrun , but also it is likely that we will have another decline in DXY index in the short time like what has happened in 2013 and at the same time bitcoin will boom and have a breakthrough again .
thus in this case if it will be accompanied by increasing of volume so I will be sure for the bullrun, so this impending event still holds me a little bit hopeful yet.
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
๐with Best Regards
As you probably know in order to have an bullrun cycle , something that drives the price ,is a huge volume and significant injection of liquidity to the market, which we have not seen anything special yet, compared to the previous Bullruns in 2013 and 2017.
this piece of puzzle hasn't revealed yetโ
and In my opinion, something that makes Bitcoin grow In 2020-2021, it was mostly due to the weakening of the dollar index and the increase in inflation, not just the entry of volume and liquidity into Bitcoin and the crypto market necessarily
and I guess that the big smart moneys hasn't injected yet .
and in the fractal point of view , as you know history usually repeats itself in the markets again and again , and I expect this will happen again for BTC , But the most important questions are ; Are we in the bitcoin winter right now; Or has it not yet arrived and there is still another bullish leg left?
Where is the position of BiTCoin right now , compare to its before cycles ?
, and as we see in the chart of the dollar index (DXY ) it almost have a reversal relation with BTC , and after any bullish cycle of DXY, bitcoin has started a downward trend and winter phase like after 2017-18 of btc bullrun , but also it is likely that we will have another decline in DXY index in the short time like what has happened in 2013 and at the same time bitcoin will boom and have a breakthrough again .
thus in this case if it will be accompanied by increasing of volume so I will be sure for the bullrun, so this impending event still holds me a little bit hopeful yet.
-------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
๐with Best Regards
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