🔥THE WORST YEAR FOR CRYPTO: 2022 OVERVIEW AND 2023 FORECAST✅
🔥Hi friends! Bitcoin fall from $41 500 to $15 500 by 42% this year. 2022 was an amazing year, especially if you are trading using downtrend strategies. But who will be the winner in 2023? Long or short traders? Read more in this idea!
📊 WHAT WERE THE MAIN REASON FOR BTC DUMP IN 2022?
1. LUNA, UST, and Do Kwon are the first such major crash this year. The algorithmic stablecoin UST lost its peg to $ and pulled down the LUNA token, which it was backed by.
Terra LUNA had one of the largest amounts of Bitcoin. In total, they had about 81,000 BTC in their wallets, but this did not save them from the fall. LUNA was top-10 altcoin by capitalization but fall from $110 to $0.01.
BTC fell from $31 000 to $17 900 by 44%.
2. FTX, FTT and Sam Bankman-Fried. At that moment, it seems like BTC begin to recover and already reached $21 500 after the 4 month consolidation (accumulation) from June to November. CZ tweeted about FTT sell off just only opened eyes to the problem of the #2 exchange.
🚩Bitcoin fell to $15 500 but actually, it`s not a huge dump, as was all the year before. This fact indicates that there are almost no sellers in the markets and recovery is highly possible.
📊 THIS HAPPENED FOR THE FIRST TIME IN THE BITCOIN HISTORY
The Q1 2022 started with a small fall, but after this, the series of negative events in the cryptocurrency market pushed the price of bitcoin lower and lower. Now we should say that this is the worst year ever.
✅ All 4 quarters (Q1, Q2, Q3, Q4) will close at loss FOR THE FIRST TIME IN BTC HISTORY.
📊THE PREDICTIONS FOR BTC IN 2023
I name this year THE YEAR OF RECOVERY for the crypto market. BTC will reach 32k as a pullback to this year’s dump with a 95% probability. I think that the #1 crypto has a 70% probability test of 45k.
✅ But first, the price can update the lows and reach $10-12k. So if you are a trader, it will be a really good year because of its volatility.
If you are a long-term trader or investor, I would be in the market by 20-40% to not miss the possible growth. Another part of the deposit leaves for buying lower at $10-12k or after making new HH and HL at $21-22k.
It will be interesting to check the results in a year. Friends, what is your target for BTC in 2023? Write your target at the comments. Please, don`t write $200-300k :)
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊 WHAT WERE THE MAIN REASON FOR BTC DUMP IN 2022?
1. LUNA, UST, and Do Kwon are the first such major crash this year. The algorithmic stablecoin UST lost its peg to $ and pulled down the LUNA token, which it was backed by.
Terra LUNA had one of the largest amounts of Bitcoin. In total, they had about 81,000 BTC in their wallets, but this did not save them from the fall. LUNA was top-10 altcoin by capitalization but fall from $110 to $0.01.
BTC fell from $31 000 to $17 900 by 44%.
2. FTX, FTT and Sam Bankman-Fried. At that moment, it seems like BTC begin to recover and already reached $21 500 after the 4 month consolidation (accumulation) from June to November. CZ tweeted about FTT sell off just only opened eyes to the problem of the #2 exchange.
🚩Bitcoin fell to $15 500 but actually, it`s not a huge dump, as was all the year before. This fact indicates that there are almost no sellers in the markets and recovery is highly possible.
📊 THIS HAPPENED FOR THE FIRST TIME IN THE BITCOIN HISTORY
The Q1 2022 started with a small fall, but after this, the series of negative events in the cryptocurrency market pushed the price of bitcoin lower and lower. Now we should say that this is the worst year ever.
✅ All 4 quarters (Q1, Q2, Q3, Q4) will close at loss FOR THE FIRST TIME IN BTC HISTORY.
📊THE PREDICTIONS FOR BTC IN 2023
I name this year THE YEAR OF RECOVERY for the crypto market. BTC will reach 32k as a pullback to this year’s dump with a 95% probability. I think that the #1 crypto has a 70% probability test of 45k.
✅ But first, the price can update the lows and reach $10-12k. So if you are a trader, it will be a really good year because of its volatility.
If you are a long-term trader or investor, I would be in the market by 20-40% to not miss the possible growth. Another part of the deposit leaves for buying lower at $10-12k or after making new HH and HL at $21-22k.
It will be interesting to check the results in a year. Friends, what is your target for BTC in 2023? Write your target at the comments. Please, don`t write $200-300k :)
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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