I'm shorting Bitcoin because
Bitcoin's price increased rapidly after 2020's low US Interest rate.
Then, it started falling in 2022 when the rate started to increase. The rate will go higher and stay there for some time.
On the technical side, volatility is low on the daily chart. This means the trading activity is low and will increase. I expect some big candles and momentum in the market soon(daily chart).
My first price target is $12800.
Bitcoin's price increased rapidly after 2020's low US Interest rate.
Then, it started falling in 2022 when the rate started to increase. The rate will go higher and stay there for some time.
On the technical side, volatility is low on the daily chart. This means the trading activity is low and will increase. I expect some big candles and momentum in the market soon(daily chart).
My first price target is $12800.
