I saw lots of post about bitcoin is bottomed this is possible. About bitcoin is bottom in a Mid 15K , even nearly about 16K.
The bad will be 12-10K if bottom in because of the FTX crisis collapse and bankruptcy… the ugly will be bottom about $5,000; only if other biggest crypto companies declare bankruptcy.
But now still looking forward of a retrace from where it’s at now up to 20-28K then one more leg down massive drop because the recession fears still on the move. bitcoin had already formed a support in 16K if it’s bottomed in then the bulls are back; but if the correction and 1 more massive drop need to be made then 12-10K around that zone is the bottom.
Here are my related ideas are we still going to see bitcoin down 12-10K or are we bottomed in.
I am going long but let’s all watch any bearish reversals happens; if the bears aren’t coming before 30K or 35K then the bulls are back.
The bad will be 12-10K if bottom in because of the FTX crisis collapse and bankruptcy… the ugly will be bottom about $5,000; only if other biggest crypto companies declare bankruptcy.
But now still looking forward of a retrace from where it’s at now up to 20-28K then one more leg down massive drop because the recession fears still on the move. bitcoin had already formed a support in 16K if it’s bottomed in then the bulls are back; but if the correction and 1 more massive drop need to be made then 12-10K around that zone is the bottom.
Here are my related ideas are we still going to see bitcoin down 12-10K or are we bottomed in.
I am going long but let’s all watch any bearish reversals happens; if the bears aren’t coming before 30K or 35K then the bulls are back.
