were seeing a strong feds dovish approach on interest rates,
According to JpMorgan they forecast rates will be dovish this time
due to russian and ukraine crisis, they forecast instead of 50 bsais point
feds will lower to 25basis point this march 16, 2022,
if this happen bitcoin is bullish and it will buy more time to materialize
the final leg of this bull run to $100k to $125k max $150k this 2022,
on technical analysis we see a strong bounce and it signaling that its
ready to reverse and retake the bull side,
for now bitcoin should break $40k-$41k so more traders will enter
since $40k is still acting as resistance, if breakout happens it will change
how investors and traders view on whole crypto.
so lets see weekly closing.
According to JpMorgan they forecast rates will be dovish this time
due to russian and ukraine crisis, they forecast instead of 50 bsais point
feds will lower to 25basis point this march 16, 2022,
if this happen bitcoin is bullish and it will buy more time to materialize
the final leg of this bull run to $100k to $125k max $150k this 2022,
on technical analysis we see a strong bounce and it signaling that its
ready to reverse and retake the bull side,
for now bitcoin should break $40k-$41k so more traders will enter
since $40k is still acting as resistance, if breakout happens it will change
how investors and traders view on whole crypto.
so lets see weekly closing.
