BTC returning to down trend

11 Feb 2022

As tensions in Ukraine build up and rate hikes now likely even as soon as 14th of Feb (emergency FED meeting in place), the next leg down is most probable scenario to play out over the next few weeks with continuing into a deeper crypto bear market. My next target is around 28-30k assuming no conflict escalation in Ukraine and only int rates hike in short term, but if both happen next week we should see low 20's even below at some point between March and late October 2022. I will post on Twitter soon my reasoning behind such low BTC price targets as there is not access to required on-chain data in TV.