Looking at the history of Bitcoin, the recent price lows almost got back to the long term ascending trend line. If $33k was the low for the 2022, then it will form another higher low in the chart history.
But the broader macro issue is that nations are looking to reduce fiscal stimulus despite the weak world economy, global supply issues and the challenge of shaking off the pandemic. If growth remains weak then we may face a volatile 2022 where the money supply is dramatically reduced to address inflation and the markets and crypto are likely to be hammered further.
The indicator used is "Abz Investor" which I plan to upload as a public indicator.
But the broader macro issue is that nations are looking to reduce fiscal stimulus despite the weak world economy, global supply issues and the challenge of shaking off the pandemic. If growth remains weak then we may face a volatile 2022 where the money supply is dramatically reduced to address inflation and the markets and crypto are likely to be hammered further.
The indicator used is "Abz Investor" which I plan to upload as a public indicator.
Absorbing info with every cycle