Good evening to all my friend's. I hope you all are doing well. I am having a fabulous day and i hope you all had an amazing weekend. Bitcoin is again pumping from 60k level and now trading above 62.5k. Let's talk about why this time crypto cycle looks like everything is going wrong. Here's the detailed analysis of the current market situation and potential trends for Bitcoin. Here are the main points summarized in simple language.
Key Points: Recently, there has been a lack of excitement in the market, causing investors to worry about a prolonged downtrend. In past bull market tops, Bitcoin quickly declined. If it peaks in March 2024, a long consolidation period is unlikely. Big players in the market often confuse investors, leading them to sell at the wrong time. The upcoming FMC meeting may result in a rate cut, which could positively impact the market. Potential conflict between Israel and Iran could affect oil prices and trigger panic in the market.
