Bitcoin Macro outlook 2023 . . . dla INDEX:BTCUSD autorstwa JoeCryptou

chartpattern trendanalysis beyondta bitcoinprice btcusd markets economy economics bitcoinprediction

. . . and why is wise being Bearish on Bitcoin & crypto at the moment.

Hi everyone,

I make this super simple, so it even looks stupid.

1 Month Time Frame

We see that after peeking at 69k price reversed and our modus operandi is sell to buy to sell.
Meaning, we have large sells followed by buying just to proceed next large sell once price is elevated.
This MO taking between 2-3 months in each shift.

We already had our upside move in 2023 = price are elevated...
... global macro economy outlook is not so great either with high interest rates & inflation & situation between Ukrain- Russia not bringing any stability into west world either.

Monthly candle close at around 15hours.
If closing price is lower then 23315.95$ odds are highly shifting to favor further *selling

TLTR: ´ We are up a lot from bottom, if we close under 23315,95$ on 1M, we have high probability that it will go to seek other end of liquidity upcoming months´

Joe

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