ever since inflation and CPI data came out this week, we've seen prices for markets go up and down violently. right now we are seeing price for bitcoin, crypto, and other traditional markets come down fast and we might go down lower.
in this post i will be talking about where the price for bitcoin is most likely headed +an updated chart of my longer term prediction for bitcoin, i will also show yall some tips you can take to stay safe when news like the CPI come out.
here we can see on this oscillator that we are currently forming consolidation on the weekly chart. last time this occurred was in 2018 which lead to a 50% drop.... i do think that we will repeat this cycle again since i do expect more panic to come.
if we do drop 50%, 8-7k would be a target.
this chart here shows you my updated version of bitcoin in the long term.
i do still think bitcoin will collapse starting in the year 2028 but ive lowered the target to around a top of 700k, a much more realistic price range than the previous 10 million.....
now some simple tips for the next CPI:
if you see markets pumping or dumping before release, you should probably look for the opposite to come like we saw here. its that simple.
in this post i will be talking about where the price for bitcoin is most likely headed +an updated chart of my longer term prediction for bitcoin, i will also show yall some tips you can take to stay safe when news like the CPI come out.
here we can see on this oscillator that we are currently forming consolidation on the weekly chart. last time this occurred was in 2018 which lead to a 50% drop.... i do think that we will repeat this cycle again since i do expect more panic to come.
if we do drop 50%, 8-7k would be a target.
this chart here shows you my updated version of bitcoin in the long term.
i do still think bitcoin will collapse starting in the year 2028 but ive lowered the target to around a top of 700k, a much more realistic price range than the previous 10 million.....
now some simple tips for the next CPI:
if you see markets pumping or dumping before release, you should probably look for the opposite to come like we saw here. its that simple.