This saga of BTC price has no hope for the next Six months, the market cap has shown 70% of possibility price deepening continuing without reversing. This is because a good number of BTC has been taken from the system and no further reliable investment coming in to the system.
BTC will continues going down if the major shareholders did not turn up to increase the strength and volume of BTC , BBC market news shows that the number of people trading bitcoin in 2020-2023 has drastically reduced compared to 2013-2015 figures, that if this continues BTC will suffer insufficient pumps.
If the system continue suffering price creeping, am afraid BTC may end up into another revolution of losses.
Bitcoin Shareholders? Bitcoin is not a security there are no shares and there are no shareholders.
Bitcoin right now is following the macro and we are still dealing with sticky inflation and its by stocks and crypto might of peaked a few weeks back. You need to realise that unless CPI is reduced then rates will have to be much higher, right now we are pricing in another 50 bps by the Summer. If inflation is still hot we might price in 75bps or 100bps and obviously stocks and crypto will suffer.
The way its looking we might peak at 6% interest rates. So far nothing the fed is doing is working. So the fed needs to get aggressive.