Competition and regulation of cryptocurrency especially Bitcoin legal tender actions over the past 12 months has really stirred up some issues. The rising cryptocurrency market list keeps growing with useless coins and manipulating investors to buy for short gains. Innovation is great but the excess cryptocurrencies in the market that doesn't have a chance in hell to compete with Ethereum or Bitcoin has been slowly pulling investors away and that's why a Bitcoin is not six figures yet. Momentum shifted into other markets and they only way for Bitcoin to survive is a flash sale and a long correction wave like 2018 to 2020 when other cryptocurrencies was going mainstream gang attention through social media. This is what caused the last LONG bearish Market. Money gets moved around for more profits into new projects that pumped and dumped. People moved their money again and again to other projects being created. Now we have inflation concern which will take 2 to 5 years to balance the market. Projections on real estate and rental properties keep going up. Renewable energies Market is pulling a lot of normal crypto investors into the energy market for passive income the rental properties are skyrocketing.
Money is being moved around to keep a steady cash flow and I believe that 2 years to find years from now will be the upswing in the crypto Market beginning sometime in the early 2023 all that income gets flooded back into the market especially Bitcoin searching the value on a daily basis beginning early 2023 and 2025 and another correction will happen once the peak has been observed and everything will repeat again investing into other markets expanding their investments earning more passive income creating a bubble inflating the cost of bitcoin to a point of incredible value. Well it's my theory anyway and I hope it does play out because it's one of my main plans that I have been focusing on myself.
Money is being moved around to keep a steady cash flow and I believe that 2 years to find years from now will be the upswing in the crypto Market beginning sometime in the early 2023 all that income gets flooded back into the market especially Bitcoin searching the value on a daily basis beginning early 2023 and 2025 and another correction will happen once the peak has been observed and everything will repeat again investing into other markets expanding their investments earning more passive income creating a bubble inflating the cost of bitcoin to a point of incredible value. Well it's my theory anyway and I hope it does play out because it's one of my main plans that I have been focusing on myself.
Note
This chart is inaccurate because manipulation in the april crash pushed the market farther down than what this chart is showing. look at the pattern on the chart and now compare with the current trend.
drop the retracement down and it will be accuate when the low is at 8000
Note
Looking good... I updated with some new ideas but these old publications are staying true with some moderate manipulation. Looking like 2015 when bitcoin bottomed and slowly moved up overtime without major corrections. The Timing and pattern is changing on the newer charts so check them out. The charts are showing way more bullish than expected because the lower market prices didn't happen. FOMO will set in very soon and volume will start to go up i think. Watching close and i will check back on this post in two years.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.