What Awaits the Future of Bitcoin? Crypto Capital Venture founder Dan Gambardello took to Twitter to share his thoughts on the current crypto bear market. He thinks that, contrary to what many people say, the current state of the crypto market is not worse than what the crypto community has seen before this.
He shared a chart showing that the flagship cryptocurrency Btc may continue to rise. “6 Month Bitcoin Candles. And music. Exit” Gambardello shared a semi-annual candlestick BTC chart for Bitcoin and three recent bear markets, including the one the crypto is currently going through. The red arrow he placed on the chart shows that after six months of red candles that caused the price of Btc to fall sharply, a green candle appeared. This happened before the bear market of 2015 and 2018. Now the chart shows that the green candle is building for Btc.
BTC crashed in early November At the beginning of November 2022, the crypto market saw the collapse of the crypto giant FTCrypto in FTX DisasterX, its director Sam Bankman-Fried (former crypto billionaire) and his pocket trading company Alameda Research, which He tried to save money by using money. From FTX customers. A major bearish event pushed Bitcoin, and all crypto markets with it, lower.
BTC fell from the $21,300 level and is currently trading at $16,600. Prior to this, BTC had been in a slow decline, driven by the hawkish policies of the Fed Reserve. The latter continued to raise interest rates in an effort to reduce inflation. The last interest rate hike took place in December. This move by the US central bank pushed Btc from the $18,000 region below the $17,000 level, where it has been trading ever since.
However, this increase is lower than the previous ones, by 50 points. The Fed intends to continue raising interest rates this year and to maintain control of inflation. Max Keizer predicts Btc to $100,000 this year On the last day of 2022, the famous Bitcoiner Max Keizer, a former trader and host of the Btc podcast, tweeted his prediction for 2023.
Among these, Bitcoin hit $ 100 $ 000, two more countries accept BTC as legal. soft, BTC became the main vote in the 2023 US election and few others in Bitcoin. It turns out that Keizer shared the Bitcoin forecast for 2023 published by Salvadoran President Nayib Bukele, who introduced Bitcoin legally into El Salvador as a peace of mind in 2021. In fact, Bukele predicted two other countries and – accept BTC (and BTC boxing). $100,000) in early 2022. However, last year, it did not work.
Max Keizer has repeatedly predicted that Bitcoin will hit the $100,000 level even before this tweet. It usually lays out the reason why every Bitcoin maxi says from time to time that Bitcoin is higher than other cryptos as they see it: BTC has a limited supply of 21 million , more than 18 million known and mined every four years. , thanks to half, miners produce half of BTC as before.
Follow us on social media now too!
