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.
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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.
It’s still volatile. So don’t fall for trap bull price.