Bitcoin Trend, Macroeconomy Trend, and the Bottom
The Bitcoin has been in this price channel since 2017, the channel is not everything, this price channel action now fits the projected macroeconomy timeline.
A bottom in late 2022/early 2023 looks reasonable with the expected macroeconomy-related situations, the Fed would most probably continue its measures, but it will stop as soon as things start getting out of control (unemployment, and the recession) most probably in 2023 Q2.
A bottom in late 2022/early 2023 looks reasonable with the expected macroeconomy-related situations, the Fed would most probably continue its measures, but it will stop as soon as things start getting out of control (unemployment, and the recession) most probably in 2023 Q2.
כתב ויתור
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