Bitcoin prices will soon break through $58 thousand. 🎢 Will it be today or tomorrow? Who knows! But one thing is clear: 2/3 of BTC’s movements depend on the US economy. And there, as you understand, there is nothing rosy. 😒 We will fall!
Why is the fall inevitable?
The Fed is not yet going to cut rates, which means the bottom is still far away. The rates will be high and the market will be low. 🤷♂️ In the current realities, this means only one thing: prepare for a long fall. You ask why is everything so bad? The answer is simple - the Fed’s policy is aimed at controlling inflation, and not at growing the cryptocurrency market. Therefore, there is no light at the end of the tunnel for our beloved Bitcoins yet.
Impact of global conflicts
Don't forget that 1/3 of the value of BTC depends on military conflicts around the world. For example: Israel and Lebanon. If active hostilities begin there and troops cross the borders, expect Bitcoin to collapse to $50,000. 😱 And then may God preserve the souls of those who risked going long in such a situation.
What to do to avoid being left with nothing?
It is necessary to constantly monitor the US economy and global conflicts. 🌍 This is the only way to understand where the course is heading. News of the Fed raising or lowering rates, unemployment reports, inflation, geopolitical tensions - all of this has a huge impact on the price of Bitcoin, keep an eye on all these factors.
Knowledge is power!
Understanding economics and global processes is not as difficult as it might seem. Start with basic concepts and gradually you will become real experts. 📚 For example, understanding how the Fed works (I already had an article) will help you predict when to expect the next jump or drop. An analysis of global conflicts will provide insight into short-term fluctuations.
Bottom line
Keep your ears open and be on the alert! 😎 Your knowledge and attentiveness will help you not only survive in this turbulent world of cryptocurrencies. And perhaps the light will illuminate your street. 🌞
See you at the top! 🚀
