Bitcoin in times of high interest rates
Updated
Hey there!
I was looking at the ugly charts of cryptocurrencies when I wanted to update my previous ideas.
As I mentioned before, the buying area is around this level (green box). My main target is still between 12-14k.
But in view of the fact and compared to the "corona crash" (to give it a name) at this time it will be different IMO.
-very high interest rates
-times of stagflation (there are many reasons for this - war in Ukraine is just a part of it)
-conflicts getting louder between China and USA
-etc
The fuel of crypto are negative interest rates (I call it gambling money).
As long as we won't see negative interest rates, I stay away from investing in crypto (holding coins).
Of course, I will try spot buys but when I do, then with USDT.
To bring the analysis to an end: We could see 4 digit price for Bitcoin.
Stay safe!
I was looking at the ugly charts of cryptocurrencies when I wanted to update my previous ideas.
As I mentioned before, the buying area is around this level (green box). My main target is still between 12-14k.
But in view of the fact and compared to the "corona crash" (to give it a name) at this time it will be different IMO.
-very high interest rates
-times of stagflation (there are many reasons for this - war in Ukraine is just a part of it)
-conflicts getting louder between China and USA
-etc
The fuel of crypto are negative interest rates (I call it gambling money).
As long as we won't see negative interest rates, I stay away from investing in crypto (holding coins).
Of course, I will try spot buys but when I do, then with USDT.
To bring the analysis to an end: We could see 4 digit price for Bitcoin.
Stay safe!
Trade closed: target reached
Sometimes it pays out to take trades just ignoring news and fundamental facts.
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