RE: SCENARIOS FACING THE BITCOIN REBOUND
Hi @madridbg
How have you been lately? Finally I've found some time to catch up with Steemit and read some of my previously bookmarked posts :) It is good to be back
Let me start by saying: another interesting choice of topic. Solid read (upvoted already).
IT seem that we both see recent pump as a result of market manipulation.
I do expect solid rallies during current bear market. And BTC going all the way to 30k usd (only to crash again heavily) would not surprise me at all at this stage.
I would not expect any long-term recovery as long as everyone's eyes are on inflation and FED. As long as they will continue fighting with inflation by destroying economies and financial markets (by increasing and then keeping interest rates on high level) I would consider any sort of BTC rally to be short-term lived.
Have a great day ahead of you :)
Cheers, Piotr
Greetings dear friend, the current bullish scenario presented by the market has not filled an emotionally bullish scenario, when we all know that they are usually manipulations designed to make us end up losing our money.
The support and resistance zones are already marked and from 23k to 28k there seems to be not enough liquidity, hence I would expect the rally you mention, taking into account that the monthly chart still shows no signs of upward strength so the fall will be much stronger.