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BTC WILL REACH $100.00
Its been a long and hard first month of 2022, BTC is coming from ATH in November dropped drastically in December and even more drastically in January. As the world looks to the traditional markets to show signs of support returning, the FED made a statement of a interest rate hike soon to come as they record the largest inflation rate in 30 years. In an attempt to keep inflation at bay the FED announced a increased interest rate from 0%. The news sent shock waves to every HODLr and investment broker. As the traditional stock markets start to drop. This drop is because of the big players removing their money from the markets. Making the small guns panic like headless chickens.
There is no reason to panic.
The crash made making a lot of investments in crypto sell off and leveraged positions are on the brink of foreclosure. This is all due the the FED stating that a interest rate increase will be coming soon. The markets took a swan dive into a year agos prices. The same for the traditional markets, all shares and stocks are down some more than others but all are in The red for the last 30 days.
But that's the doom part of the situation when looking to find positive things about this year's crypto market bear run we can go back to last year. We saw a ATH price around the $62000.00 range that's brought a down trend dropping prices down to about $28000.00. The currency then found support and stayed at that price range of $2800.00 to $32000 for a good couple of months before starting the breakout to the top and ultimately a ATH price of about $69000.00 in November 2021. When looking at the price actions of the currency its remarkable to see that the amount of days from the ATH last year until a death cross presented it self took 69 day. Similarly from the ATH level in November 2021 until the death cross presenting it self in January 2022 is exactly 69 days. The currency then stabilized and eventually bottomed out around 24 days after the death cross first showed it self. When we then ad 24 days from the death cross in January we get to a date of February the 8th. In 2021 the currency then found support hovered around the $2800 to $3200 range for about 42 days before we saw the bull run begin to appear and finally reaching ATH about 112 days from the bottomed out price of $2800.00. If that is repeated again like it's so far showing to be we will see a price above $60000.00 being reached by middle or 21 May . This will mean that we will see a Alt season start off the bull run late in March 2022.
FED ARE GOING TO RISE INTREST RATES BY MAY MONTH 2022
The Fed have to raise interest rates as the USA are now seeing the biggest inflation rate in nearly 30 years. The Fed has come out in Dec and made a statement that interest rates are going to rise. That statement has sparked the complete market bear run, dropping all markets around 48%. The Fed have now come out in return of the market tantrum fit and have delayed the interest hike but that means we could see the interest going up by end May of 2022. As the Fed need to show power against the markets. The statement of a delay in interest hiking has brought stability to the markets. That's and the fact that BTC is finding support at the $3400 to $3800price range.
WHAT WILL THE BOTTOM OUT PRICE BE
It was suggested that the bottomed out price will be around $3600 to $3400 range but with BTC dropping to about $3400 late in January it might be that the bottomed out price suggested could be a little bit bullish. That could mean that we could see a further price drop in the next two weeks to the $2800 to $3000 range by the 8th of February 2022.
WHAT PRICE CAN WE SEE AFTER THE COMING BULL RUN IN MARCH AND APRIL.
It's clear to see a head and shoulder formation being completed when we look at the charts from early last year's high being at $62000 that would be the top of the first shoulder. The head then being formed at the high in November and now the right shoulder forming now with the top of the right shoulder being completed in late April or early in May. That suggests that the bull run in March will be about 2 months long and we should see prices peak at around the $62000 to $65000 range. When the price breaks the $62000 range we can prepare for a drastic down trend back down to around the $28000 range with the Fed probably putting interest rates up some time in May.
WHAT WILL THE PRICE BE IF THE SHOULDER IS FORMED AND TRUE.
If the head and shoulder formation is completed by the end of July or August 2022 we should by that time see the Fed drop the interest rate to 0 again as the crashing market will continue to pressure them do that. It all depends on the Fed. If they stand strong and don't bring the interest back down we could see an even further price drop to bellow the $10000 range. That is very unlikely as Wallstreet will continue to crash if the interest rate is not reversed. If we then do see the completion of the head and shoulders formation at around the $28000 price range, we should then see a late year bull run starting somewhere in August or September and ending close to Dec or Jan peaking at a new ATH price of around the $110,000 range. This will all depend on the Fed and how strongly they want to drop the inflation rate in USA. It's a case of stop inflation destroy the economy or leave inflation and pump the economy to boom. That will ultimately be the deciding factor in determining the outcome.
I have done my own research using charts and statistics from coinmarket cap, COINBASE as well as stormgain. Please don't take this as financial advice as I'm only predicting the price for my own interests. I am not a financial advisor and this is not financial advice. Do proper research before investing in any currency this is not a trading strategy but mearly a personal opinion. Please do not make any purchase or investment because of what I've written in this post. Do due diligence and get advice from a licensed financial advisor. I'm just a blockchain enthusiast who looks at the charts and currencies as a hobby and writes about them because I love to share my thoughts.
That's it from me Derbycuzxrp, till next time
Tttttttttoooooooooooo tttttttttthhhhhhheeeeeeeee mmmmmmooooooooonnnnnnn lllllllllaaaaaaammmmmmbbbbbooooo
