It looks that there is a symmetry in BTCUSD chart around 12.5k.
In my opinion, there is space for correction to level 12,5 k, some consolidation, and after some time dynamically regaining value. Why? It is a crystal ball, but there is symmetry on the chart, #recession fear will dominate for some time. #crypto assets are considered by portfolio managers as a new class of assets in their portfolios. If they have to reduce their portfolios, they will also cut risk and positions on crypto to have a balanced portfolio, with limited risk. If they decide that there is a good opportunity, the price will rise, because they control large capital. Remember to make your own decisions, calculate the risk, and happy trading.
In my opinion, there is space for correction to level 12,5 k, some consolidation, and after some time dynamically regaining value. Why? It is a crystal ball, but there is symmetry on the chart, #recession fear will dominate for some time. #crypto assets are considered by portfolio managers as a new class of assets in their portfolios. If they have to reduce their portfolios, they will also cut risk and positions on crypto to have a balanced portfolio, with limited risk. If they decide that there is a good opportunity, the price will rise, because they control large capital. Remember to make your own decisions, calculate the risk, and happy trading.