I was completely wrong in my last analysis, foolishly predicting a sharp decline.
Now, as Bitcoin climbs back to its highs, I'm noticing a decrease in trading volume. Specifically, as the price nears its peak, the volume continues to drop, and there's a surge in volume on red candles.
Based on this, I'm anticipating a bearish market until next March.
During the last round of interest rate cuts (2018-2020), Bitcoin began its rebound right after the rate cuts ended. I believe we'll likely see a similar pattern this time around.
Now, as Bitcoin climbs back to its highs, I'm noticing a decrease in trading volume. Specifically, as the price nears its peak, the volume continues to drop, and there's a surge in volume on red candles.
Based on this, I'm anticipating a bearish market until next March.
During the last round of interest rate cuts (2018-2020), Bitcoin began its rebound right after the rate cuts ended. I believe we'll likely see a similar pattern this time around.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.