BITCOIN: 31k in April and 44k this Summer

٢٢ مارس ٢٠٢٣

March Madness as I called it is still on and so many things have happened ever since:

FEDS seem destined to take it easier on Hikes before Banks go bust. Remember what happens when/if banks do go bust: BTC Flies

Despite the War on Bitcoin it keeps rising and fast:

Bitcoin has definitely been through a lot but as i said before, it will prevail:

MY TARGETS:

I hear a million and I laugh. We need to be careful what we wish for. BTC at a million so fast would mean nothing but pain and 'blood on the streets' and nobody wants that. You see, BTC is the safehaven and if economies go into death then yes we could see BTC at 1,000,000 but only a sad madman could wish that now.
For the time being BTC will keep following the markets and will stay correlated and 'coupled' on them for a while more.
At some point the transition can happen smoothly.
What i see is 31k resistance and if everything goes well eventually 44k this summer (end of May- mid July).

My analysis is a combination of my 3 main BTC charts.
Fundamentally I prefer Bitcoin to all other assets at this stage in history.

One Love,

The FXPROFESSOR