đ„đ„Warning:đđ„đ„
Bitcoin ($BTC) failed to break the $66.8K level,and whales are currently selling.With governments enforcing strict monetary policies and limiting access to cheap capital,thereâs insufficient demand in the market.Those anticipating a bull run may be disappointed.Personally,I foresee a significant drop below $50K,and I donât expect a recovery until the Federal Reserve lowers interest rates to below 2%.
We might not see any substantial movement until after the second quarter of 2025. Additionally,any major news,especially regarding conflicts in the Middle East, could lead to sharp declines.A war declaration involving Gaza differs significantly from one involving Lebanon,as Lebanon is recognized by the UN and would likely receive support from its allies.
The graphic below clearly indicates that a sharp decline is imminent following a brief rally.Wishing everyone good luck and encouraging you to stay safe.
