The past trading week was very hot. Many regulators of the world's economies summed up the results of 2022 and set priorities for 2023. Nevertheless, the BTCUSDT price moved quite predictably
First, we saw the break-up of shorts stops, and now a logical correction price. Also in this idea, we wrote about CPI and FOMC - Fed Funds Rate and how they influenced the movement of cryptocurrency prices, if you are interested, welcome! :
Today, we bring to your attention a possible scenario of the BTCUSD price movement. On the chart, we have depicted a fractal according to which the price may move in the next six months. The main point is that in the next month and a half we can expect a tedious consolidation of the BTC price Then in late January - early February 2023 - a breakthrough impulse upwards. Further trend movement upwards at least until mid-May 2023 and fixing a maximum in the range of $44-45k.
If you are wondering what the red, yellow, and green lines on our chart mean, we invite you to re-read our global idea. Also, by subscribing to this idea, you will be able to follow the movement of the Bitcoin price on the weekly chart.
And what will happen to altcoins while the BTCUSDT price is in a month-and-a-half consolidation? It is very likely that altcoins may start to selectively "shoot up". This is also a very important component in the emergence of a possible future growth trend After all, if after more than a year of falling trend they finally start shooting up, it will show investors that the market is coming back to life. And if the market comes to life, then you can start pouring in money. And then the cascading growth: more fresh money - more pumps - all start to brag about how much %% they earned = even more fresh money, and this is the beginning of a full-fledged growth trend. And by the way, the total capitalization of the crypto market now moves by the fractals depicted in the idea above. Probably everything is just in its infancy, it will be more interesting!) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
btc will dump in jan and feb in 2023 then it will recover up to 40k , we need another big dump to make pump
vishavjelyn
⋅
@samsepiol243541aa with fed rates hikes in 2023 stocks crypto likely to go down further. I don't see any upward move before 2024 halving. inflation is still 7% and end of 2023 might be around 4 to 5%, well above 2% target set by feds
samsepiol243541aa
⋅
@vishavjelyn, actually after feb 2023 btc will reach 35k to 40k then it will be down up to 2024 remember 75k btc cause its end of the road
JCLARK87
⋅
This comment aged well so far.
JCLARK87
⋅
@vishavjelyn We will see. I think 30-40 is reasonably possible. We went up 4k in what, 3-4 days? We can still go lower but should get a bear market rally.
alerom
⋅
I agree. 2023 will be good 2024 amazing!! Merry christmas guys