Monthly expectations from Bitcoin - 3,500 USD in 2023
Currently, Bitcoin is still consolidating between 18k to 20k.
2022: expect bullish behaviour from Bitcoin in the next two months, this is where the institutions will sell the news that recession is under control (especially, after increasing the interest rates) but in reality, it is not. Therefore, can see a good pump maybe up to 25k - 30k or maybe a little more. This will build good amount of liquidity for the algo to perform its steps for 2023.
2023: it is guaranteed that we will witness economic crisis and by selling the recession news in full fledge (after fiscal years of many companies are completed), I expect, Bitcoin to spiral down to 3,500 USD. This will also complete the year sell model.
Short term = Bullish
Long term = Bearish
2022: expect bullish behaviour from Bitcoin in the next two months, this is where the institutions will sell the news that recession is under control (especially, after increasing the interest rates) but in reality, it is not. Therefore, can see a good pump maybe up to 25k - 30k or maybe a little more. This will build good amount of liquidity for the algo to perform its steps for 2023.
2023: it is guaranteed that we will witness economic crisis and by selling the recession news in full fledge (after fiscal years of many companies are completed), I expect, Bitcoin to spiral down to 3,500 USD. This will also complete the year sell model.
Short term = Bullish
Long term = Bearish