BTC megabear forecast sad-history blackclaw...what if?
I've been thinking about the virus, contagion and the global economy for many days, it's hard for me to see a strong bitcoin in the short term if we enter into a fast and fierce recession, in the short term and medium term, money is what will have more demand in that period, this will be the great test that we have been waiting for, if markets enter a black claw where the panic abounds
We will have the answer if the BTC is an asset of RISK ON - RISK OFF ..... my theory leads me to contemplate the first option since I can not imagine people buying BTC as a safeguard, but if that happens, it would be magnificent , what I think is once and only "IF THE GLOBAL CRASH OCCURS", we will see btc at levels of 4500 and 5000.
The price is currently at a monthly resistance above 9300-9600 ... and monthly supports are around 7600-8150.
I am aware of how the coronavirus progresses and how it impacts the global economy during these 8 weeks.
We will have the answer if the BTC is an asset of RISK ON - RISK OFF ..... my theory leads me to contemplate the first option since I can not imagine people buying BTC as a safeguard, but if that happens, it would be magnificent , what I think is once and only "IF THE GLOBAL CRASH OCCURS", we will see btc at levels of 4500 and 5000.
The price is currently at a monthly resistance above 9300-9600 ... and monthly supports are around 7600-8150.
I am aware of how the coronavirus progresses and how it impacts the global economy during these 8 weeks.
As we can see, unemployment has not yet been triggered, so the alarm is of a moderate-high level and it is time to pay close attention
Hopefully all this does not have such a large magnitude, but you have to be prepared for the worst possible situation ever.