This happened in 2015, 2019, and once again now...
I believe Bitcoin will begin at least another year of downward or sideways accumulation to create a strong platform for BTC to grow to new heights,
as you can see in previous Bear Markets this exact same short-term rally has happened before,
How will it play out? - I believe it will start with a shortfall of $19,800 touching the 10-week ema, from this point it will eventually hit $16000-14000
with the potential to hit $11-8000 which I think is unlikely.
Why will this happen? - The economic collapse that the average human needs like oil, housing, unemployment, etc.
during these times saving rates have plummeted to 2.4% from previous years ranging from 8.4-19% in USA and Europe
leaving people with very little money to invest.
Thank you for reading :)
I believe Bitcoin will begin at least another year of downward or sideways accumulation to create a strong platform for BTC to grow to new heights,
as you can see in previous Bear Markets this exact same short-term rally has happened before,
How will it play out? - I believe it will start with a shortfall of $19,800 touching the 10-week ema, from this point it will eventually hit $16000-14000
with the potential to hit $11-8000 which I think is unlikely.
Why will this happen? - The economic collapse that the average human needs like oil, housing, unemployment, etc.
during these times saving rates have plummeted to 2.4% from previous years ranging from 8.4-19% in USA and Europe
leaving people with very little money to invest.
Thank you for reading :)
