Quote:Bitcoin is pathetic! The market is dead tell the Fed stops raising rates.
Down toooo 14-18k tell late 2023
Here are my reasons:
Bitcoin has been increasing in popularity and acceptance worldwide (yes there are a few exceptions from some countries but in general, more favorable acceptance)
The Fed will continue to raise rates for probably two years to reign in inflation as they always do. I think this is a positive for BTC as the devaluation of the dollar (inflation) puts more demand on instruments like BTC which can't be printed.....
As for your projected 14 - 18k for BTC until late 2023...... that doesn't account with the previous halving cycles that BTC has experienced in it's entire history. Each cycle has never dipped below the spike of the previous cycle peak. In this case, about 20k from 2017. I do think we will have a three year "cooling off period" or bitcoin freeze but I also think the larger acceptance of crypto currencies world wide will soften the dip. I think it is possible that around 30k - 35k may be the low for this cycles winter. I am not so certain there is not a substantial spike yet to come before we go into the winter cycle so my bets are still off the table for the low.