In the previous article, we wrote that we should expect an impulse for Bitcoin to $32,000, and now is a great time to accumulate long-term positions.
We believe that Bitcoin will remain sideways for the next 1-2 months before continuing its upward movement. The picture below shows a repeating pattern.
We also see the completion of the cycle of rate hikes - this is the first step towards the growth of stock markets and increased risk appetite. In addition, the stock market is oversaturated with shorts, and as we know, the best driver of market growth is the stops of short sellers.
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