Topic: Bitcoin Price Can Fail and Will Touch Be US $ 13k Dollar? - page 6. (Read 1007 times)

This place has become an echo chamber for bullishness. This year we will definitely see bitcoin prices below $13,000. In fact, by the end of this year prices will be below $1,000. I've proven it over and over using math and science.

I recognized a while back we might get a push into 2019 prices with enough negative sentiment but its tricky to say for how long and with what volume and significance those prices would appear.   Its due to a confluence of factors such as FED tightening and the natural reflux from the 2020 exceptional measures, my personal take is this alignment will not last and we do not see a return to great currency strength witnessed in prior decades as we have progressed far beyond that situation & debt remains liable on short terms with that weight greater then any other factor determining currency as a denominator vs market values.
   
This is just a guess but Dollar Index appears to retract is how I view this chart below, if it should develop downwards and fail to move up further that would help confirm this moment as peak bearish pressure or peak Dollar strength.   Speculation is supporting the FED idea of raising rates but ultimately this possibility is capped, I have no doubt the ability to finance debt at higher rates does not exist.  However the mirage appears real and people are fearful hence we sell off, combined with war and many supply disruptions we are seeing market prices negative and volatility rising on trend.  BTC itself is not especially altered but DXY has not been this high in the entirety of the blockchain transacting hence its a real test of perseverance.

The bearish crypto market that is dominating again has brought Bitcoin price predictions to fall to US$13,000. However, this could still fail even if the odds were low.

Veteran analyst and senior trader, Peter Brandt, has accurately predicted a drop in the price of Ether (ETH), to US$1,200, when the price was still around US$1,800.
Of course, this led his Twitter followers to glance at his predictions on the price of Bitcoin (BTC), which he sees has the potential to fall even deeper, to $13,000.

Bitcoin Price Could Touch US$13,000?

The crypto market has increasingly languished since the US central bank, the Fed, took aggressive policies in raising interest rates, quantitative tightening, and releasing assets such as bonds. This has further exacerbated the bearish flows created since November 2021 in the crypto market, whose relationship has grown stronger with the stock market as risk appetite has waned.

Investors are increasingly frightened by the prospect of inflation, even hyper-inflation, which sends a lot of money into the US dollar. The index of the US currency also shot to a 20-year high due to the Fed's aggressive steps.

In the midst of the sluggish crypto market, Peter Brandt, who is one of the most popular analysts on Twitter, has a new view on the price of Bitcoin.

According to his technical analysis, the price of this major cryptocurrency could fall to US$13,000, but there is still a chance it won't happen, even if the chances are slim.

I don't mean anything, I just wanted to ask all of you.
What do you think about this news?


   Source : https://blockchainmedia.id/harga-bitcoin-bisa-gagal-menjadi-us13-ribu-ini-syaratnya/