BTC/Crypto Market Prediction for calendar week 22-23
Steadfast to 8k? Bitcoin bounced nicely from the support line of the triangle and is now approaching the 7850-8000 zone. The volume is increasing, i believe we will see a retest of 8k and either break through it (to find support at 8k later on) or we will bounce back from it again.
I guess the total coinmarketcap will be somewhere around at 365 billion by next week. I believe the bottom has been reached (at around 300 billion marketcap) and we are currently in an accumulation phase. Not sure when a run will happen, but i definitely believe it will happen!
But we should always consider what to do when we see some further downside - a break below 7k - I'd then hedge my positions until we see clear signs of a reversal.
I guess the total coinmarketcap will be somewhere around at 365 billion by next week. I believe the bottom has been reached (at around 300 billion marketcap) and we are currently in an accumulation phase. Not sure when a run will happen, but i definitely believe it will happen!
But we should always consider what to do when we see some further downside - a break below 7k - I'd then hedge my positions until we see clear signs of a reversal.
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