The growth of the cryptocurrency market in the next 3 months

In a previous post, I announced the Bitcoin game price for June of this year on Twitter Big V ------- PlanB. What I want to emphasize when sharing his prediction over time is that the difference between Bitcoin is speculation, but the value of Bitcoin at any given time is difficult to predict.

However, the Plan B estimates are so popular that they were completed in July, August, September and 10 days after the announcement in June. So it looks like it will be for 12 months even though his November forecast is incorrect. While his monthly estimate (estimated that the value of Bitcoin will exceed $ 130,000) may not be valid, his new announcement has touched the hearts of many.

As recently as yesterday (December 10), PlanB reiterated its new take on the internet for benefits that it doesn't think $ 69,000 is the end of Bitcoin's halving. If $ 69,000 were true, it would drop to $ 14,000 if Bitcoin prices fell 80% in the bear market. And that low will lower the 2017 bull market high of $ 20,000 and the 200-day lower moving average of $ 18,000. And it never happened, and he thinks it will never happen.

There are two main points to this new perspective. One is to believe that Bitcoin will definitely cost 80% in the next bear market, and the other is that he believes Bitcoin's lows cannot be lower than its high in the next bear market. last bull market. These two points are emphasized in the understanding that this has not happened before in history. So, we can conclude that $ 69,000 is not the end of this bull market.

Obviously, such statements are too arbitrary.

Something will happen in the market and nothing will happen. Otherwise, there would be no "black swan". You have to respect the store and walk on thin ice, because there are so many surprises in the store. As an entrepreneur, if you are not prepared for accidents, you will be swallowed up by a bad business.

Going back to his hypothesis, in the next bear market, will Bitcoin drop 80% in the past? I think it can be done, but I think the downside will not be as big as it once was, because the leader in this industry has gone from being an entrepreneur to a business, and 60-80% is possible.

And is $ 69,000 going to be the end of this bull market? Can't guess that's true, but at least more and more data is showing the future but won't be as we predicted in the past. The reason is still changing in the macro environment.

On the night of December 10, the United States released its financial data for November. Inflation in the United States reached its highest level since 1982 at 6.8%.

In a previous article, I emphasized that tax cuts are a top priority for the US government, at least for the next few months. In this regard, both the current president and lawmakers from both parties express a near majority of consensus.

Additionally, as President Powell appears to be elected Chairman of the Federal Reserve, he hopes the proposal works in accordance with the actual needs of the legislature. To put it bluntly, we plan to reduce the size of the contract and increase the interest rate.

We have always seen on the internet that the Fed does not dare to increase prices for fear of rising prices and falling stock markets. I developed this theory a few months ago, and I would agree as increasing time is far from a big deviation. However, as the major controversy has now changed, the validity of this view can be questioned. At least for now, how to reduce inflation is paramount, as the US government is focused on inflation, not the economic downturn. When it comes to financial restrictions, everyone is watching the Fed.

Additionally, even if the markets fall after the price hike, the Fed may pour more water, as it has done in recent years.

So this is not the reason why flowers do not grow. Therefore, we believe that the Fed's monetary policy will accelerate. This procedure will not take place at night, but it will not be too late. Therefore, all businesses will face mental illness over the next few months. And when interest rates actually start to rise, the entire financial system will be affected after investment falls.

So I think it's hard to see the difference between a lot of money invested in crypto assets over the next few months. In such situations, there is always a risk of collision if the encryption device does not mount and remains suspended for a long time.