TF: 9 D
BTC may begin a retracement rally/consolidate in a range in the coming month or two and lasting to early winter before a final plummet to the green box with a final low around fall 2023.
Couple of macro fundamental factors:
1. We are on the cusp, if not already in a recession. Recessions tend to last about a year to years
2. Rising interest rates. Inflation has yet to be tamed. The FED really screwed up on letting inflation run wild for to long. More interest rate increases are coming which should cause BTC to fall.
3. Ukraine/Russia and overall global uncertainty
BTC may begin a retracement rally/consolidate in a range in the coming month or two and lasting to early winter before a final plummet to the green box with a final low around fall 2023.
Couple of macro fundamental factors:
1. We are on the cusp, if not already in a recession. Recessions tend to last about a year to years
2. Rising interest rates. Inflation has yet to be tamed. The FED really screwed up on letting inflation run wild for to long. More interest rate increases are coming which should cause BTC to fall.
3. Ukraine/Russia and overall global uncertainty