BTC COULD FLASH CRASH LOWER

2022 is arguably been the most terrible year for crypto so far. Large altcoins going to zero, the crypto companies going bankrupt, and nine-figure hacks are just a few of the headlines many of us would love to forget. The Unprecedented series of events we have seen over the last few months alone has almost everyone wondering what 2023 will look like and whether it will be bullish or bearish for the crypto market. I believe the crypto market will begin to recover in 2023 but I don't think the bull market will come back. I'm very sure that the worse of the bull market will behind us by the end of the next year.

---

Bitcoin may hit its bottom in the first quarter of next year and the major reason the market could bottom in the first quarter of 2023 is that it is when the FED is expected to stop raising interest rates. You should know that stopping is not the same as lowering but it will enough be likely to prevent crypto from crashing further. The main reason Bitcoin has not bottomed is that the stock market is yet to find its bottom and the crypto market is very correlated to the stock market. The stock market is expected to drop by another 20% to 30% which will definitely translate to a 40% to 50% drop in BTC.

---

There is potential that BTC could flash crash lower than 10k and it make be due to some crypto factors like the Bitcoin mining ban due to energy shortages and a deadly combination of liquidation and low liquidity. If recent events didn't make it clear enough, you must keep any that you are not actively trading on your crypto-wallet as we approach the true bear market lows. The SEC may crack down on another big crypto project or company in 2023.

---

Knowing how bad this year is been, I won't be surprised if it happens soon than expected. Another crackdown seems very like as long as Gary Gensler continues to be the chairman of the SEC. Gary Gensler's time won't expire until 2026, so there is a lot of time for him to do damage. This assumes that he won't be expelled from the SEC for his close encounter with SBF. You should know that the criteria that have been using to crack down on cryptocurrency have not been very clear.