🅱️ Bitcoin Short-Term Update (Going Down? Crash? When?)

11 בספט׳ 2023

Yes, there is potential for a downside move, the potential is always there. Bitcoin can come down crashing anytime but the true question is always when?!

As the market cycle develops, as the market goes from wave to wave, it can happen anytime out of nowhere without warning, a drop happens suddenly and nobody can predict when it is going to take place.

Going down now is less likely if you look at the chart.
The low was established 17-August at $25,000 and ever since this date we see higher lows.

The previous crash/drop happened 15-June, and the low is basically the same. Support was found for Bitcoin at $24,800 and then rainbow action takes place.

What about now?
Where is Bitcoin set to go?

According to this chart, a drop is not something we have to worry about right now but rather something to consider if we would like to trade.

Yes, it can happen anytime but instead of another crash after months of support holding we can see instead the reverse, what most people won't expect.

Do you think people expect Bitcoin moving contrary to down for many months? Moving to the other direction from now all the way through late December and then a major crash shows up!

I don't think many people are ready, nor even considering that a crash now might not take place. They can even imagine some poor rise action that would end within days... That's not what is going to happen, the market always goes contrary to what people think will take place.

Imagine that the crash is postponed, it was never to happen now in the first place. Imagine light for a few months and then a correction, not a major crash, it will be hard but still a correction ending in a higher low like March 2020 before the halving takes place.

We are out of the bearish phase.
This can be seen by the price.

Bitcoin not going down.
Bitcoin is moving...

Namaste.