Bitcoin downtrend comes to a total end once u see 25K-30KBitcoin is all technical
Bitcoin holds the current level .. and start moving towards 25k-30k, that's pretty much the end of the bitcoin downtrend and a new uptrend begins all over again.
Bitcoin 25k-30k ... that's when you see Bitcoin run back to 40k level again ( a brand new uptrend )
There's a new bitcoin short ETF out today .. BITI ( shorting bitcoin )
Looks like this ETF came out too late and missed most of the downside already.
There's only 2 more rate hikes for this year in 2022 .. ( 1 in July and 1 on Sept )
Since Biden came out today and worry about a recession and a crashing stock market, don't expect too much from the fed going forward in the last 2 rate hike for this year.
Mid Term US Election is in NOVEMBER 2022
Biden doesn't want to see any signs of recession going into Nov Mid Term Election.. so Fed Powell have to do a serious balancing act not to over do it and cause the democrat to lose all its seats in Nov 2022.
I'm Bulish on Bitcoin ... we could see a BRAND NEW UPTREND real soon