Bitcoin Market Analysis is a major factor in decision-making when it comes to bitcoin stake. It influences your stake both in mining and holding and trading Bitcoin. Being the first Crypto currency adopted globally; Bitcoin remains the gangster in whose footsteps all other coins must follow.
In Bitcoin stake, it is more important to find out why you win than to win. Also, it is good to find out the reason for your loss. Success in bitcoin stake involves having a genuine Bitcoin market analysis. And to achieve this, providing answers to the following questions is key.
1. Is your selection style giving you enough chance per your time frame?
2. Are your entries able to give you the price moves you want?
3. Are your exit style able to cut your losers short and let the winners run?
Providing answers to these questions puts you on the right track.
What do you know about macing mining?
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Bitcoin Market Analysis BTC/USD
Get ready. Bitcoin will follow Tech/NQ as the Reversion Rally takes place over the next 4+ months (probably lasting well into Q1:2023). We expect Bitcoin to rally to above $29k – possibly reaching as high as $35k. Our research suggests the US/Foreign markets are about to enter a Reversion Phase (rally trend). This is happening after nearly 12+ months of global/US selling pressure. Bitcoin should follow the Tech/NQ Sector higher over the next few months.
We should be looking for proof of this bottom/base over the next 4+ or more weeks. We need to see recent lows hold up. And also a moderate rally take place before November 12th.
This could be a decent rally for the US/NQ/Foreign markets; If the US Dollar slides sideways/downward.
At present, there is a false breakout. However, we aren’t bullish yet. We are still in a bearish downtrend and yet to reach bottom. The bear market isn’t over yet. Since the resistance downtrend target hit; We be looking forward to seeing more downtrends than the big fall. The bottomed target is down to 10K. But the first target is down to 17K area then breakdown to go lower.
It’s still volatile. So don’t fall for trap bull price.
Bitcoin Market Analysis Conclusion
