Bitcoin ~~> 25K-30K ~~~> 40K-50K againFrom May to early July 2022 it's all about interest rate hike, rising oil prices, crypto bankruptcies and of course the biggest of them all RISING INFLATION. These are all past events, which drove the stock market and crypto market down and stuck in a trading range.
July to present August .. many things have changed ... interest rate hike for this year is coming to an end ( Sept is the last one ) Oil prices already collapsed from its all time high and now fighting to stay above $90, crypto b.k no longer look as scary as it first appear and most people already know the worst is over ............ and finally the long awaited CPI inflation data which came out on Aug 10 shown inflation are coming down hard and fast which is a total opposite from previous few months. THIS IS THE GREENLIGHT NEEDED FOR THE CRYPTO MARKET AND THE STOCK MARKET TO TAKE IT TO THE NEXT LEVEL .... AS IN BACK TO PREVIOUS HIGH LIKE THE APRIL HIGH OF THIS YEAR.
The Horror that you have witnessed in May and early July are now over ..
Everything have changed dramatically in late July and August ... interest rate hike for this year is coming to an end, rising oil prices already collapsed, crypto horror is now laughable and no longer as scary as it used to be, and MOST IMPORTANT OF ALL RISING INFLATION ARE COMING DOWN HARD ..
Bitcoin ~~> 25K-30K ~~~> 40K-50K again /// Ethereum preparing to go over $2000 and run back to its previous high in the next few months
The days when you can buy apple for $135 , netflix for $160 , and etc., ,,, those days are gone
When the whole picture changes so does Crypto stock prices and US stock prices...