Looking at the BTCUSDT 1W chart. We've highlighted a so-called "bottom" zone we think Bitcoin can range in.📉
Our inspiration on this chart comes from the classic "Wall Street Psychology Of A Market Cycle".🔮
It seems we've passed the "Panic" section and are entering the "Capitulation" & "Anger" phases.
Ultimately crypto's near & mid term fate will depend on the S&P500 and equities. Until we find a bottom in the traditional markets, crypto prices will find it difficult to sustain these current levels.
The FED will keep hiking until something breaks, so time will tell!
Eyes peeled & stay safe!
-TucciNomics
Chief Overlord, AlgoBuddy
Our inspiration on this chart comes from the classic "Wall Street Psychology Of A Market Cycle".🔮
It seems we've passed the "Panic" section and are entering the "Capitulation" & "Anger" phases.
Ultimately crypto's near & mid term fate will depend on the S&P500 and equities. Until we find a bottom in the traditional markets, crypto prices will find it difficult to sustain these current levels.
The FED will keep hiking until something breaks, so time will tell!
Eyes peeled & stay safe!
-TucciNomics
Chief Overlord, AlgoBuddy
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