R0MM3LL

Bitcoin Mid-Week Update

INDEX:BTCUSD   Bitcoin
Bearish structure continues... HOWEVER...

Exchange outflows are increasing, indicating "whales" are establishing a support level.

Macro-economic factors have major potential for crypto surge in Q1 2022 as a result of wealth preservation efforts.

Currently expecting continuation to bottom of channel ($13k to $16k)... BUT the likelihood of a near-term crash across the entire market is decreasing.

Many new emerging tech projects in crypto and in venture exchanges are at optimal entries (bottom of channels).

Market prediction confidence lower due to outside factors.

Penafian

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