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RE: Another static week for the crypto market guided by the behavior of BTC.

in #leofinance • last year

Thanks for sharing your thoughtful perspective with us, Jesus! 😊

I do wonder, from where does the $9k figure emerge? Based on recent events, the major downfalls in cryptocurrency prices have been due to a combination of exchanges collapsing and macroeconomic events (and the anticipation thereof). As Bitcoin is quite reactive to US-based news, and we're not anticipating any major changes, for instance very large hikes in the Fed's interest rate, then we only have remaining possible black swan events such as further exchange collapses and war escalation. Otherwise, institutional investors would generally hold on to Bitcoin, as evidenced by its stability between December and January, which is when sell-offs are more commonplace, for tax purposes.

Would be interested to hear your point of view in these areas!


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Hello my friend.

Actually there is talk that the crypto markets consist of 4 year cycles, these cycles repeat from the starting point of the last bull market which was at 9k, that is what the correction is expected to do to its point of origin and then to go up again, but nothing is certain just a matter of time to see what happens.