User_0856

BTC buying opportunity ahead

Short
User_0856 Updated   
BITFINEX:BTCUSD   Bitcoin
If US dips into publicly acknowledged recession in Q3, we might see crypto correction, as a benchmark - BTC to 12000 in autumn.
I see this as an ultimate buying opportunity.

Pros:
  • recession is likely to happen
  • crypto needs much more accumulation for a good bullrun than it has now
  • I can't see a real bullrun without Fed pivot, only BTC/LTC/ETH speculations on banking collapse fear, it is not a proper fuel to 100k BTC.

Cons:
  • fiats hyperinflation might trigger earlier hype in crypto, then no such deep correction will occur
  • Fed might make early changes to monetary policy to assure banking system safety, this will hurt crypto accumulation and cancel the dip
Comment:
I can't say we are on track, but there are signs

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