Bitcoin must close strong this February so we can see what will happen to March, April and May candles,
since technical bounce is 3 straight green solid candle thats why we really need to see a reversal candle this month end if bitcoin will manage close above 39K this feb or 38k+ then we know that were going to bull market again for 2-3months,
its really crucial how bitcoin will finish the final leg of bullrun this 2022, we know there's so much thing happening in the world that really affects the global markets,
so far we can see bitcoin still manage to hold the 32k support even there's a strong fed hawkish last few months and Russia Ukraine crisis, still manage to hold key suppor,
right now what could really happen to economic after this sanctions to Russia and global prices is rising on some forecast from top financial institution they think there's a strong recession this 2022, if that recession will happen we know feds will go back to 0 rates again and it could trigger bitcoin supernova moves or super cycle were bitcoin can reach beyond 150k+
we also add that when recession happen during 2008 bitcoin was created to hedge on recession, so base on our recent analysis
as long fed rates is below 1.5% bitcoin is bullish but when feds go back to 0 rates after this march or june 2022 then were sure that bitcoin will go crazy high above 100k+ to 150k+ since it was proven during 2008 recession how fed rates act on this crisis.
thank you and i hope you like my economic approach about this crisis and how bitcoin will hedge on this sleeping recession that will trigger soon.
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