$10,000 Bitcoin In Play, Crypto Winter Is Here, $20k Resistance.In this video I am highlighting how we may see a $10,000 Bitcoin this cycle due to where we are at on the weekly oscillators and the very negative macro conditions effecting the market. We may get a retest back to the $19,000 level on the daily but $20,000 is now serving as a major resistance. I believe it is unlikely that we get above a $20,000 Bitcoin anytime soon but I could be wrong. These next couple of months are looking pretty weary for cryptocurrency right now. Especially the events around FTX could have cascading effects across the entire ecosystem. This is still the beginning.
As bad as all this is it is good for cryptocurrency and will only make Bitcoin and the ecosystem more resilient. This needs to happen for us to get a major reset in the market. I do personally believe there will be very exciting buying opportunities in the near future and we will have another major bull cycle. But as of now we are heavily entrenched in this bear market and we're still going through this cycle. Be careful out there. Bitcoin and Cryptocurrency isn't dead.
Much peace, love, health, and wealth! Trade safe.
