I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.
In the position we are currently in, it can be said with certainty that our market will change soon. We know that Bitcoin price was not very high in the market a few days ago, the price of BTC was dumped a lot. But currently, if we practice the Bitcoin markets, there is definitely a chance for the market candles to go to a good position. We can say that the Bitcoin market is slowly moving upwards as we have a half waiting ahead. When the market halves just then the price of Bitcoin will increase enough and reach a higher position then it will go to the maximum ATH. As we saw the market halving in 2020, Bitcoin prices rose overnight in 2021. Accordingly, we can predict that Bitcoin will halve in 2024 and that the Bitcoin market will see a bull market in 2025. And this will be the high point of the Bitcoin market, and we have seen many experts discussing this, the Bitcoin market will go higher in the future.
I don't know why you see a positive for the cryptocurrency market, although to be honest I have hope for it. But it seems to me that there is a lot of instability in all markets right now, including cryptocurrencies. All this year bitcoin has been showing growth and there should probably be a fall without which there will be no further growth.
There has been a lot of speculation about the price of bitcoin, some say that the IPC index has affected the market, but I don't see it that way, I think it is because of the war that the market may be somewhat unstable, that is what I think, I don't think it is because of those indices, it is known that the US has a lot of inflation that they have not been able to control that, but this is beneficial for bitcoin because things like this can change the determination of some investors , it is not for everyone, but Yes, for some, they can move the market, but I don't think that much , that's why I think the price can move very Positively.
I think that the war does not have a strong impact on the market, because another war between Ukraine and Russia has been going on for more than a year, but it has not had a negative impact. So most likely the new war will not have a strong effect either. But inflation in the US can really play a bad role because it affects the stock market. If the stock market falls, it will be even stronger in cryptocurrency.