Bitcoin is rejecting the major resistance around $52k $48k
this rejections and sending a strong warning that price could correct
somewhere $39k to $34k and a possible bounce on that area before
it will test the ultimate support around $30k if this $30k broke down then
the bigger Head and Shoulder is valid and the panic selling will occur
and send the price to $25k to $20k and a possible dead cat bounce in this area
before everyone sells and price will reach below $20k,
the positive side of this bearish view is, most people can buy the best altcoin
in extreme discounts that could happen in 2023, were everything is flat
and the FEDS will start to lower the interest rates,
also we add that on 2023 is the best time to position for the next bullish
cycle because of bitcoin halving on MAY 2024.
right now i notice NFT and Play to Earn can survive this bearish cycle since
this NFT arts and Games has their own tokenomics, were they can burn and minted
there's tokens so the price become more stable.
if you want to check were is the best NFT games you can look at this website and filter
to high and low by VOLUME
dappradar.com/rankings/category/games
for nft arts look for the best volume too and activity of arts
and check also who creates those arts
opensea.io/
thank you and i hope this analysis helps you to know were the markets is heading.
this rejections and sending a strong warning that price could correct
somewhere $39k to $34k and a possible bounce on that area before
it will test the ultimate support around $30k if this $30k broke down then
the bigger Head and Shoulder is valid and the panic selling will occur
and send the price to $25k to $20k and a possible dead cat bounce in this area
before everyone sells and price will reach below $20k,
the positive side of this bearish view is, most people can buy the best altcoin
in extreme discounts that could happen in 2023, were everything is flat
and the FEDS will start to lower the interest rates,
also we add that on 2023 is the best time to position for the next bullish
cycle because of bitcoin halving on MAY 2024.
right now i notice NFT and Play to Earn can survive this bearish cycle since
this NFT arts and Games has their own tokenomics, were they can burn and minted
there's tokens so the price become more stable.
if you want to check were is the best NFT games you can look at this website and filter
to high and low by VOLUME
dappradar.com/rankings/category/games
for nft arts look for the best volume too and activity of arts
and check also who creates those arts
opensea.io/
thank you and i hope this analysis helps you to know were the markets is heading.
