Bitcoin Broke out of Downtrend!

Bitcoin has been on a roll lately printing large candles and we are getting closer to some major action. Will it be towards the upside or the down side is the major question we should be asking right now. The market Sentiment has been changing rapidly.

We have major concerns that in theory should put Bitcoin back in the Down Trend within 4 days. However their is always hope that Bitcoin could smash the $52,000.00 level and hold it with strong support before hitting new all time highs again.

World Factors That Play a Part!

When we look around the World from here in the United States up to Canada, all the way to Ukraine and Russia along with 2 countries and counting converting to Bitcoin.

How does Canada help Bitcoin?

When Justin Trudeau ordered Banks to halt donations to the Truckers For Freedom Convoy's it woke a lot of people up to the fact that our Governments can cut us off from our hard earned money with a simple click of a button.

Even worse they can cut off our abilities to financially support any cause that peacefully protest the Governments over reach of Power. I remember a time people would only donate through Go Fund Me. Now People want Bitcoin or crypto in general that can't be touched by the governments.

At least this is the Propaganda message that is being pushed to entice individuals to pull all their crypto's from exchanges. This is a great idea, think about it for a moment. I would roughly 75% of people in Crypto are here because of shady Government Policies, if not more.

Now let us add on the fact of Governments wanting exchanges to block Russian users from using Crypto due to Sanctions against the Russian Government. Coinbase and other exchanges have said, "Not unless it is a law."

That should really hit home. These top Exchanges that we trust with our Crypto will sell us out if they are forced. A top Canadian Exchange CEO stated, "If you are concerned about the Government ceasing your assets, do not leave them on an Exchange. We will comply"

That should really scare you into holding all your assets on a hardware wallet now, right? Ukraine right now is able to receive donations in Bitcoin. I am not sure what or where the Bitcoin is going to help the citizens of Ukraine, but it shows that another country would rather accept Bitcoin over USD.

According to the above mentioned sources Bitcoin made History as being the first Crypto Currency to Finance a War. Ironic a crypto that was built to bring peace to a World is now being used for death and destruction. Bitcoin the New World Currency?

Getting back to the main point. Think about all the reasons that major influencers are giving every one to pull crypto off of exchanges. Think about all the reason people are being to told that support purchasing more crypto.

How much do you know about Supply & Demand? You cause a mass exodus which is lead by fear of having funds confiscated, a lot of us have learned from the very begging not to keep all your assets on an exchange, why? Not Your Keys, Not Your Crypto!

So, Demand continues to Increase as Supply (hopefully) runs low causing another major Bull run. That is awesome! Right? Maybe not so much for every one. The big guys yes. The average person that falls victim of this play, no! While the average users are pulling off, Whales/Elites will move back in and sell the all time high making Billions...

However, I could be wrong. People could be smart enough to realize the direction in which influencers are trying to lead people. What do you think?

Thanks for reading & God Bless You!