Bitcoin Megaphone of Death
Another thing that could happen, which would surprise everyone, would be that Bitcoin indeed does go on to make a new ATH, but just barely, and then stops shortly before 100k.
Remember that the hype bandwagon will become insane once we cross the old ATH at 69k, and thus everybody would be screaming for 100k+ or even 200 or 300k.
However, we know that the market likes to cause maximum pain. So what would be brutal for bulls and bears alike? Indeed, a new ATH that is disappointing for the bulls, followed by a brutal sell-off and new lows below 10k.
This scenario could happen if the stock market now goes on to make a meltup type of move, with SPX, NDX and DJI setting new ATHs, but also just barely, and then the effect of the super inverted yield curve and weakening job market would take place.
The FED will be forced to lower interest rates at some point, but they will only start after a while, possibly in early 2024. That is when everything probably will come crashing down, because the last times, the markets crashed when the FED was actually lowering the interest rates again after a steep rise.
This is another scenario, for which we should be prepared. It would be brutal for everyone, yes, the new ATH would be fun, but not as much fun as everybody had hoped for, and then we would be in for a long and brutal bearmarket. But we know that this will entirely depend on the stockmarket, inflation, the FED, and the dollar index, so let us see how it will develop.
Remember that the hype bandwagon will become insane once we cross the old ATH at 69k, and thus everybody would be screaming for 100k+ or even 200 or 300k.
However, we know that the market likes to cause maximum pain. So what would be brutal for bulls and bears alike? Indeed, a new ATH that is disappointing for the bulls, followed by a brutal sell-off and new lows below 10k.
This scenario could happen if the stock market now goes on to make a meltup type of move, with SPX, NDX and DJI setting new ATHs, but also just barely, and then the effect of the super inverted yield curve and weakening job market would take place.
The FED will be forced to lower interest rates at some point, but they will only start after a while, possibly in early 2024. That is when everything probably will come crashing down, because the last times, the markets crashed when the FED was actually lowering the interest rates again after a steep rise.
This is another scenario, for which we should be prepared. It would be brutal for everyone, yes, the new ATH would be fun, but not as much fun as everybody had hoped for, and then we would be in for a long and brutal bearmarket. But we know that this will entirely depend on the stockmarket, inflation, the FED, and the dollar index, so let us see how it will develop.
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