Crypto Currency Update: Are we there yet? (Predictions)
As we enter November, we could see one or more small Bitcoin dips, which could signal the beginning of a slow and steady bull run into 2023. (More below...)
Below: This crypto analyst outlines a key indicator that could spell the beginning of our next bull run. (Note, I am not affiliated with Steve's channel in any way, but I do find his analysis to be the most accurate).
Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.
I just want to give my readers a quick update on the crypto currency market which has been pretty darn bearish since earlier this year. In my estimation, we are at a key time to start DCA'ing back in, especially over the next 2-3 weeks which should see plenty of small corrections (aka "buying opportunities") after several small pumps.
I do NOT see BTC dropping too far below the $18k range going forward, and have stood by this prediction all summer long as "experts" called for a $12k or lower price point. Still, be cautious and prepare for slow and steady gains through March 2023, followed by a pretty strong June/July timeframe.
I'll be sure to update these timeframes as the year draws to an end with more specific timeframes.