Bitcoin's blow-off top at $25k

2022-08-21

Bitcoin's blow-off top at $25k on August 14th signifies the end of a reflexive rally, representing the "return to normal" stage of a bubble.

We anticipate Bitcoin is entering "phase 2" of its first-ever bear market, which can decrease BTC by another 60% to 80%.

Tight monetary conditions, regulatory encroachment into crypto, pending collapses/insolvencies, and the spread of Monkeypox can push Bitcoin to $13k, $11k, or $8k - $5k by November 2022.

rayisa

Bitcoin: This Time Is Different!

As opposed to the grassroots movement it once was, institutional fund flows primarily drove Bitcoin's (BTC-USD) most recent bull trend. In 2020, the US Federal Reserve lowered interest rates to 0 and provided over $2.3 trillionin loans to support the economy. This, combined with Covid-19 stimulus checks given directly to citizens, worked to funnel billions of excess liquidity into the crypto casino.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

CLONGER
2022-08-21
CLONGER
Thanks for sharing
lowmy
2022-08-21
lowmy
time to load up
Bioman21
2022-08-21
Bioman21
I dun believe in Bitcoin
Mungerism
2022-08-21
Mungerism
Interesting insights
Shyon
2022-08-21
Shyon
Btm soon
tamira
2022-08-21
tamira
Thanks for sharing

Leave a comment

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