Post
Topic
Board Trading Discussion
Re: Technical Analysis (TA) & Macro Fundamental Analysis
by
big_daddy
on 10/05/2023, 10:44:40 UTC
I'm pretty confident in my analysis and I totally agree with you that the Bitcoin price is looking up. We could see it break the $30k mark again soon, but yeah, there are a few obstacles we might have to tackle first.

I hear you about the transaction fees being a pain in the butt right now. It's mostly because of the BRC-20 and ordinals, but I'm still feeling pretty positive about the market. Even if the fees stay high, I don't think it'll completely tank the price. I don't think it'll be anything too catastrophic.

Let's just wait and see what happens after the CPI results are announced in a couple of hours from now. I'm still feeling good about my prediction, though!