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Accept the Correction and Move on BTCUSD

Por YoJah
Atualizado
BTC well on its way to retest weekly 200MA. Fed interest rate hikes and political issues also are catalysts for the downfall along with a much-needed correction. The second peak at 68k only happened due to a lot of extra stimulus money being thrown at the public and therefore leaving people with more money to invest and therefore inflation and interest hikes. A much-needed correction that would probably last well into 2023
Nota
Biden administration trying to regulate the crypto market. The confirmed downside from a fundamental perspective.
Nota
Sell every rally. Buy the dips.
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Retest 30k? Most likely.
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In buy zone territory
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After further analysis, BTC could very well hit 13-14k, which will be bottom.
Fundamental AnalysisHarmonic PatternsTechnical Indicators
YoJah

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