BTC will make double top and then potentially crash...
This year economic outlook is not great... yes there might be a post pandemic boom but inflation is way to high right now. This will killed consumer purchasing power dan possibly causing recession in later half of 2022 and maybe next year. To decrease inflation the fed increase interest rate, this will increase mortage rate and possibly cause housing market burst. The war in Ukraine will cause shortages of wheat, fertilizer, increase oil and gas price and this is not good. This kind of economic situation is not something that you can simply ignore and bitcoin usually follows wallstreet because mainly right now big money that moves price is simply not retail it's big institutional institution that most likely wont buy into a strong resistance. Therefore as the bear market rally in SXP, NASDAQ end, BTC will decrease also. To attract more institutional investor, the price should be around 30-35K if not less.
SPX
Penafian
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