I am back with my analysis and finance discussion after 20 days. I am sorry for not being with you eith discussions and only posting my travel journey discussions.
I am on travel of 35 days leaving Quetta Pakistan, boarding to Iran, Zahidan other cities and again boarding Iraq, Karbala, Najaf, Kazmain, Baghdad, Samra and other small cities.
Today I get out some time and thought to discuss market conditions with you guys. Bitcoin is currently trading at $57k which is the result of another sharp dip and again good recovery.
First of all, lets discuss the reasons of the market crash. One main reason is the FED decisions which are going against investors expectations.
Also the world recession is another hot topic which surely is not a good news for any market. Specially for the crypto market which can take the prices sharp down.
According to my guess and chart analysis BTC will further go down to test the level of $50k and most probably the price will take a good rejection from this level to reach back $55k.
But until December the price of BTC will reach $45K which will be its low market for this season. After that a good bull run is expected and by 2025 the prices will recover back and will give some good profits.
My advice in this regard is to keep on buying and selling until 2025. You can go for swing trades and keep on taking profits.
When you see the price of Bitcoin at around $45k that will be the best time for buying your favorite crypto coins.
My strategy right now is for spot grid strategy with the pair BTC/USDT. which is continuously giving me small profits and a good passive income.
I will surely move to alt coins when the price of Bitcoin will be around $45K. I hope the post will be informative to you guys.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
