Whats your next move $BTC?
The previous idea has been executed, and the correction of the 2-year fall has occurred at the 0.618 level. Now, the question is, what comes next?
On one hand,
An ETF for spot Bitcoin has been approved, and big money is gradually coming in.
The Federal Reserve's rate hike cycle is likely finished, with three reductions probable in 2024.
The halving is coming up.
On the other hand,
The US economy is on the brink of a recession, which could spiral out of the Fed's control.
The Chinese economy shows significant weakness, and the bankruptcy of Evergrande could still have a very strong impact.
Geopolitical risks and the threat of new global conflicts exist.
I am inclined towards growth in the coming months, not excluding strong volatility and periods of accumulation at important levels. The nearest levels are 48k, 52k, and 58k. These are the levels that, in my opinion, the price will challenge.
On one hand,
An ETF for spot Bitcoin has been approved, and big money is gradually coming in.
The Federal Reserve's rate hike cycle is likely finished, with three reductions probable in 2024.
The halving is coming up.
On the other hand,
The US economy is on the brink of a recession, which could spiral out of the Fed's control.
The Chinese economy shows significant weakness, and the bankruptcy of Evergrande could still have a very strong impact.
Geopolitical risks and the threat of new global conflicts exist.
I am inclined towards growth in the coming months, not excluding strong volatility and periods of accumulation at important levels. The nearest levels are 48k, 52k, and 58k. These are the levels that, in my opinion, the price will challenge.
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