BTC has bounced from 18k for the 5th time. This to me seems is a very positive sign, considering it has bear the brunt of all the bearish factors we've been having lately.
With inflation coming down, and the paranoia of war somewhat settling down, macroeconomic factors seem to be getting better, for now.
I'm slightly bullish, at least in the short term as long as BTC holds 18k. If it breaks 18k successfully, we can easily see a drop to 14-15k level, so tight stop loss on all your trades are a must.
IF it holds this level, I feel this might be the bottom and might start a massive bull run soon, especially post December.
With inflation coming down, and the paranoia of war somewhat settling down, macroeconomic factors seem to be getting better, for now.
I'm slightly bullish, at least in the short term as long as BTC holds 18k. If it breaks 18k successfully, we can easily see a drop to 14-15k level, so tight stop loss on all your trades are a must.
IF it holds this level, I feel this might be the bottom and might start a massive bull run soon, especially post December.