I am not Fearing of BTC Price Dropping
BTC price drops 20% from ATH level. Today this dropping is a little deeper. People were looking at the Bitcoin chart with fearful eyes... I was not fearing of BTC Price dropping...
There are lots of reason to be calm.
Here is DXY chart.
We need to look at the direction of the Dollar for Bitcoin, whenever the RSI stays above 70, $DXY has given a series correction, we can expect DXY, which is at 96, to retreat to 94, maybe it will cause an ATH run. In 2022, we can say "cash is the king" with an index that will exceed 100...
So, today may be the last day of DXY pump. I am waiting for correction on tomorrow or a few days later...
This correction of DXY may cause to BTC pump to ATH... We may go to Triple Peak...
I shared a post about Triple Peak May be Great Resistance for BTC
We may see bull run to triple peak...
Here is weekly chart of BTC. Weekly RSI is on support line. If BTC price is supported from this level, bullish trend may continue long time and we may follow great support line until end of season...
MACD indicator is also on setup.
We still have a long way to go.
We will see..
Would love to see another drop. 50K would be great. Also for the altcoins - as they drop, too. So I can stack up.
its a looong term game and so I am pretty relaxed if the market tanks.
It's all good when BTC drops, it gives small investors a chance to invest into it. However it causes the alt coins to drop. Which can be a good thing and a bad a thing.