@d12321 30 December 2022 more from that month

#UGC #analytics 🤯 What to expect from Bitcoin in 2023? We offer to take a look at the factors affecting the dynamics of the price of bitcoin and, based on this data, evaluate the prospects for the movement of BTC in the next year. Let's focus on two key aspects: macroeconomics and the actions of large market participants. 🗂️ Macroeconomics The first cryptocurrency is significantly influenced by the monetary policy of the Central Bank of developed countries. As long as key rates continue to rise and the amount of money supply (M2) decreases, neither indices nor cryptocurrency will grow. And next year, by the way, the most severe M2 reduction in the last 20 years is planned, which should have a negative impact on the dynamics of the crypt. Let's add here the probability of a recession + rising prices for oil and other energy carriers and we will get not the most "bullish" conjuncture, provided that all the planned plans of the Fed and the Central Bank are implemented. 📊 Graph analysis Drawing "triangles" and wave markings on a chart in order to understand the prospect of an asset's movement for a year is an extremely thankless task and, more importantly, useless. To determine the most likely scenario, it is necessary to start from the areas of interest of big capital. The zone of interest and "attraction" of the price is in the zone of $10,000 along the horizontal volume distribution profile (gray lines). The same zone coincides with the average % of BTC drawdown from the maximum, which is 85%. From the author of the CRYPTO MENTORS channel