Unless the Fed suddenly reverses the upcoming rate hikes it just announced last week, or some unimagined bailout is revealed (e.g., $3,000 stimulus checks), the global economy is dead.
BTC will fall below $10K, and the stock markets will drop another 50% from where we are now. The amount of leveraged long bets in this system is literally beyond calculation, and those liquidations will amplify the depth of this market crash.
Topic: What is the next move - page 2. (Read 207 times)
looking at last year's situation, bitcoin should have fallen to 28k before the pump. so there is still one more resistance point, and the bearish trend is still very strong. most likely there will be a repeat like last year. and if this resistance point is broken, the market situation may be worse than last year.
We are still early in the bear market and traders are still active. Many bitcoin and altcoins on exchanges which show a long bear but it does not mean there might not be difference in previous. Out of the 10 stages of bear market we till in anxiety 
I am not pro but I am here to speculate only but if I am going to ask I think there will be another retest to the last support that you said. I didn't managed to watch the prices these previous months and didn't convert my Bitcoins to USD so I think I am really down at the moment and I have no plans in selling at this point.
Is the free fall over or this level won't hold for long either?.
all the analyzes I made concluded that the bear trend is still not over. I see not only the crypto market, but gold, forex, and stocks are also experiencing a decline. this is what made me think that bitcoin could get worse. as long as the global economic situation has not improved, it will be very difficult for the entire market to recover.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
looking at last year's situation, bitcoin should have fallen to 28k before the pump. so there is still one more resistance point, and the bearish trend is still very strong. most likely there will be a repeat like last year. and if this resistance point is broken, the market situation may be worse than last year.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading?
Probably a recovery or yeah another bulltrap was coming again. I remember when bitcoin is only recovering a little bit but it was dumping so hard again. Im sure that bearish trend will come again soon. This recovery was just temporary. If there will be another massive sell again and we are in another disaster. Is the free fall over or this level won't hold for long either?.
It's not over yet. This may recover slowly but i doubt that if that has become the bottom for this dump. People are still in the extreme fear. Terra luna was making it even worst 
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
*strong support of $29K*As usual, there are mixed predictions on bitcoin. Some charts I've seen predicts BTC bouncing back to $36K before dropping to the 2022 bottom at $22K (falling wedge). There are no exact months before that pattern is completed but 2023 will probably be the next recovery phase until the next bullrun.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
Jump to: