Being on the same channel, hypothetically, the Crypto Market Cap might lose more than 50% with the ongoing recession in the next 2 quarters to have 400-700 Billion in the market cap before the market starts flourishing again in mid-late 2023 ahead of the new cycle of 2024.
The Bitcoin has been in this price channel since 2017, the channel is not everything, this price channel action now fits the projected macroeconomy timeline. A bottom in late 2022/early 2023 looks reasonable with the expected macroeconomy-related situations, the Fed would most probably continue its measures, but it will stop as soon as things start getting out of...
As the dollar gets strong (temporarily) for the next 12 - 18 months, it seems that the bear market will also continue with all prices dropping. Although the macroeconomic situation seems going in a different direction, the historical trend still suggests a bottom in late 2022 / early 2023. CRYPTOCAP:TOTAL
Many people fail to see the big picture about Bitcoin -and the cryptocurrencies industry in general. Bitcoin investing is hedging against the USD (and all fiat) inflation for the long run, this relatively short 12 years Bitcoin (and Crypto) experiment of enough so far to prove this concept. This chart could be a very simple one ( DXY against BTC price on a...