Bitcoin | The Coming Collapse In 2023...
Hey, another crypto vlogger who "isn't annoying"! lol.
The BTC I bought at $16k was sold at over $24 - plus a short, which isn't doing so well as yet, but is just a hedge.
The risk at $20k, and below, is exacerbated by the current correlation of BTC with NASDAQ. Bitcoin hasn't traded like any currency hedge or inflation hedge, but as a high risk asset. After the dotcom bubble, the NASDAQ took 15 years to get back to that peak. This isn't a "death of Bitcoin" analysis, but that the macro-economy, and the Fed, are just not helping any speculative assets.
As predicted - there is a support around $22.2k, but then down to 21 then 20 then...