non-technical indicators:
- BlackRocks Partnership with Coinbase to serve instituional clients
- MicroStrategy is planning to buy more 500mil$ in BTC
- While still under the set production targets, OPEC has managed to lift its production in every month since May 2020, although it has failed to meet its full production
- The FED announced today that it could cut the interest rate in 2023 by 50 basis points. Since the Fed is very cautious with such statements, one could expect with a market improvement, much higher rate cutes
- Increased meaningful regulation and more and more adoption around the globe
- Commodity and oil prices are falling (hot summer is over which usually have higher Oil demand)
- M2 Money supply is still gigantic despite QT and interest hikes
- Wage/price spiral has made many things more expensive in the long term, btc has to follow on some point.
- Amount of fudders using the word recession is getting lower (Google Trend search)
- Amount of crypto search on Google trends is on the same level as july 2021
Technical indictators:
- Last time 50 EMA crossed 100 EMA, bottom was in
- The last 3 bottoms of BTC were all marked by a sideways accumulation phase
- DXY parabolic move has sooner than later come to an end
b]Problematic indicators that remain:
- Europe's recession is still in, while US/Asia is already focusing towards a recovery
- Ukraine war/potential Taiwan war
What I expect: Acumulation next 30-45 days, then recovery towards 25-35k end of this year, then 12 months straight bullrun to december 2023.. Peak around summer 2024.
Disclaimer: The information mentioned in my post should be taken with a grain of salt. They are my personal opinion and do not form facts. They are also not a call or recommendation to open trades, do trades or close positions.
- BlackRocks Partnership with Coinbase to serve instituional clients
- MicroStrategy is planning to buy more 500mil$ in BTC
- While still under the set production targets, OPEC has managed to lift its production in every month since May 2020, although it has failed to meet its full production
- The FED announced today that it could cut the interest rate in 2023 by 50 basis points. Since the Fed is very cautious with such statements, one could expect with a market improvement, much higher rate cutes
- Increased meaningful regulation and more and more adoption around the globe
- Commodity and oil prices are falling (hot summer is over which usually have higher Oil demand)
- M2 Money supply is still gigantic despite QT and interest hikes
- Wage/price spiral has made many things more expensive in the long term, btc has to follow on some point.
- Amount of fudders using the word recession is getting lower (Google Trend search)
- Amount of crypto search on Google trends is on the same level as july 2021
Technical indictators:
- Last time 50 EMA crossed 100 EMA, bottom was in
- The last 3 bottoms of BTC were all marked by a sideways accumulation phase
- DXY parabolic move has sooner than later come to an end
b]Problematic indicators that remain:
- Europe's recession is still in, while US/Asia is already focusing towards a recovery
- Ukraine war/potential Taiwan war
What I expect: Acumulation next 30-45 days, then recovery towards 25-35k end of this year, then 12 months straight bullrun to december 2023.. Peak around summer 2024.
Disclaimer: The information mentioned in my post should be taken with a grain of salt. They are my personal opinion and do not form facts. They are also not a call or recommendation to open trades, do trades or close positions.