BTC Short-Mid Term Future

9 Tem 2023

At Time of writing: BTC has fallen out of it's horizontal triangle twice since 6:30 a.m UTC. Right now BTC is at $30,196.

Behind Our Thought Process:
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BTC has now been rejected from the strong resistance at the 31.5-32k range twice from two separate swings. (19k Range - 31k range) & (24.6-25k range - 31.5-32k range)

There is a lot of misinformation being spread around now a days and even more uncertainty than ever in the Crypto Market due to the SEC's witch hunt.

The global economy is at stake! How does the entire world move forward in an increasingly digitized day in age? How do Banking Institutions keep up with the demand for increase in financial security, on-demand liquidity for transactions, and over-all less of a headache for the current everyday client?

Introducing ISO20022 - the wave of the future. However, due to the ever increasing confusion of which Crypto Currencies are or are not securities here in the U.S the Crypto Market has suffered. Which is exactly what the SEC was after and the powers that be wanted.

Think back to the pandemic and how the crypto market exploded. Think back to how many of your average 9-5 work day citizens actually became financially independent and went on to quite their jobs.

An rapid increase of financially independent citizens, combined with a quitting "working class" caused a major change in the way the government thought about money.

Now, the U.S government didn't like this, and due to the grey-area nature of taxes with crypto the U.S gov. went into a panic and began to wage a war on the crypto market. On top of this many countries started to make the switch to backing their countries financial state with BTC.

So now the U.S has many ways to attack. The thought: How do we get a piece of the pie & how do we prevent other world governments from getting a hand up?

Solution: Create a massive amount of uncertainty & fear by means of SEC attacks to Crypto Companies not only weaking weakening the entire Crypto market, creating vague tax laws on crypto, and the bonus prize of weaking countries that are high in value of natural resources and trade that the U.S has depleted.

After the Crypto Crash, OIL Rich countries in South America that adopted BTC as legal tender (i.e: Brazil, Argentina, Colombia, and Ecuador) took the biggest hit. Accompanied with the Russia-Ukraine war the need for OIL was increased.

The United States’ dependence on oil has long influenced its foreign policy.

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Enter the age of the global pandemic:

"The world is rocked by the emergence of a new coronavirus disease, COVID-19, that quickly becomes a global pandemic. Response measures, including stay-at-home orders, trigger a sharp drop in the demand for oil. Falling oil prices create a rift within OPEC and lead to a price war between Saudi Arabia and Russia, with Riyadh ramping up production to further slash prices in an effort to force Moscow to the table. Oil prices hit rock bottom; in April, a major benchmark price for U.S. crude oil briefly falls below zero for the first time in history. After Whiting Petroleum Corporation, a major U.S. producer, declares bankruptcy, President Trump attempts to broker an OPEC deal to prevent further damage to the U.S. industry. After Trump intervenes, OPEC and Russia agree to curb production and raise prices."

Then we have Biden's new direction for emissions which was put on display for the entire world after he rejoined the Paris Agreement. This "new direction" caused gas prices to sky-rocket and for the U.S "OIL Demand" to increase: both at a 7-year high.
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Enter Russia-Ukraine War

"Russia’s invasion of Ukraine causes turmoil in global oil markets. Biden blocks U.S. imports of oil from Russia, and Western sanctions cause energy companies to withdraw from the country. Oil prices, already rising in the wake of the pandemic, surge to their highest level since 2008. In response to near-record gasoline prices, U.S. lawmakers on both sides of the aisle call for boosting domestic oil production, though some in Congress urge a quicker transition to renewable energy. The United States and other members of the International Energy Agency announce plans to collectively release sixty million barrels of oil from strategic reserves. Meanwhile, the Biden administration considers smoothing rocky relations with Iran, Saudi Arabia, and Venezuela in the hope that those countries will supply more oil. Senior U.S. officials travel to Caracas for the first time since 2019, and the Biden administration pushes to finalize negotiations on reviving the 2015 Iran nuclear agreement and lifting U.S. sanctions on Tehran. "


WHAT IS THE EASIEST WAY TO GET COUNTRIES WHO ARE OIL RICH, WHO DESPISE THE UNITED STATES, TO TRADE WITH US?

Solution: Figure out the easiest way to cause those countries economy to collapse, create a need for those countries to trade with the biggest purchasers of oil in the world, (US) and do it in a way where they can't refuse trade.

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Crash the Crypto Market, and maintain enough control to influence price manipulation. By doing so the US maintains control, maintains power, weakens its enemies, and on top of that keep it's citizens in the dark and make their citizens scared of crypto so financial independence can't be obtain.

I.E ( "Institutional Sell-Off's" at pivotal times resulting in market manipulation & increased price benefits for trade (in US favor) )

In the 29.5-32k range we have seen multiple successful market manipulation attempts and in our opinion we are not done seeing these types of market manipulation scenarios.

It's only July of 2023 and we still have more rate hikes to come. Manage your risk and don't overleverage and you will come out on top in this market.