As of now BTC is in a very indecisive accumulating path for last 4 months. I'm expecting BTC to provide a clear direction by end of the year.
Bear Case:
If
USINTR
keep going up I expect both
XAUUSD
and BTC to drop down.
Expected support level for BTC will be around 13000 - 14000 range. This area has been a sell zone in previous bear market, hence higher possibility to be a buy zone this bear cycle.
Bull Case:
If investor sentiment become positive we can hope to build a bullish momentum. This can give fuel for a new bullish mini cycle. I do not expect a major Bull cycle until end of 2025.
Pig Case:
If we keep consolidating with wicks to both sides, I'm expecting all longs and shorts to be liquidated. This was clearly evident during recent CPI announcement. This will start to reduce leverage traders, then spot whales will start accumulating.
Above mentioned are my personal opinions and should not construed as financial advice
Bear Case:
If
USINTR
keep going up I expect both
XAUUSD
and BTC to drop down. Expected support level for BTC will be around 13000 - 14000 range. This area has been a sell zone in previous bear market, hence higher possibility to be a buy zone this bear cycle.
Bull Case:
If investor sentiment become positive we can hope to build a bullish momentum. This can give fuel for a new bullish mini cycle. I do not expect a major Bull cycle until end of 2025.
Pig Case:
If we keep consolidating with wicks to both sides, I'm expecting all longs and shorts to be liquidated. This was clearly evident during recent CPI announcement. This will start to reduce leverage traders, then spot whales will start accumulating.
Above mentioned are my personal opinions and should not construed as financial advice
