Bitcoin (BTC): 100k By July 2023?
As we head into unprecedented territory, most are expecting dramatic moves over the coming months, but I'm going to take a bit of a different stance for this specific analysis.
The FED has been pretty adamant about this "Soft Landing" as they announced their planned Rate Hikes and QT.
Most believe the FED is either bluffing on their policy or we are 100% headed for a crash.
Now I can't go as far as predicting exactly how they accomplish a Soft Landing, (as I believe the FED is just improvising), in a widely speculative environment, I can only express what the chart suggests.
If the FED somehow does achieve this "Soft Landing", this is exactly how I would picture it playing out.
The similarities here are uncanny and as we head into an unprecedented environment with War Raging and Inflation at 40 Year Highs, I believe Risk-On assets ( BTC ) will be relatively tamed over the coming months/rest of the year.
Most are expecting extreme moves either up or down when it is quite possible neither of those takes place in a small window of time and markets just trend sideways and slowly down. Honestly, as they have been doing for the last 6 months.
This path is the most reasonable and healthy way for BTC to reach 100k in my opinion.
The TOTAL also possibly paints a similar picture:
As with any bold predictions, this is highly speculative and anything can happen between now and then.
As of right now, this makes the most sense to me and lines up quite well.
Bottom:
($25,000 - $28,000) ~ 200MA Weekly
Let me know what you think, and express any opinions down below;
Hope this helps!
The FED has been pretty adamant about this "Soft Landing" as they announced their planned Rate Hikes and QT.
Most believe the FED is either bluffing on their policy or we are 100% headed for a crash.
Now I can't go as far as predicting exactly how they accomplish a Soft Landing, (as I believe the FED is just improvising), in a widely speculative environment, I can only express what the chart suggests.
If the FED somehow does achieve this "Soft Landing", this is exactly how I would picture it playing out.
The similarities here are uncanny and as we head into an unprecedented environment with War Raging and Inflation at 40 Year Highs, I believe Risk-On assets ( BTC ) will be relatively tamed over the coming months/rest of the year.
Most are expecting extreme moves either up or down when it is quite possible neither of those takes place in a small window of time and markets just trend sideways and slowly down. Honestly, as they have been doing for the last 6 months.
This path is the most reasonable and healthy way for BTC to reach 100k in my opinion.
The TOTAL also possibly paints a similar picture:
As with any bold predictions, this is highly speculative and anything can happen between now and then.
As of right now, this makes the most sense to me and lines up quite well.
Bottom:
($25,000 - $28,000) ~ 200MA Weekly
Let me know what you think, and express any opinions down below;
Hope this helps!
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