With that being said, Bitcoin also pumped to $18,000, so whats next?
So was the bottom at $15,500 and now we are going to start new leg of bitcoin bullish graph?
So was the bottom at $15,500 and now we are going to start new leg of bitcoin bullish graph?
I don't think it will be that easy, Bitcoin has gone up last time also when inflation went down from 8.2% to 7.7% but it's going to be a slow recovery in my opinion, we might have pumps but retrace back till everything becomes more predictable and the FED will stop intervening, I doubt a true bull season will start this year.
But, if we have a surprise tomorrow when and it won't be the half-point everyone predicts we might see it touching 20k, or in case it's more than that, then it will be a non-event end of the year and we'll be stuck below that for a few months.
And on top of that, we have more problems, FTX, audits that are not 100% legit, god knows how many other companies are on the verge of bankruptcy, and so on.
