The US dollar is losing its value Globally, This lead to
rising inflation
12 April 2023
Investor are worried about the
loss of value
in their asset and looking for alternative source
Bitcoin is seen as an
alternative to traditional Finance
and as we’re seeing the cracks in the financial system.
Bitcoin is the only cryptocurrency with value because Bitcoin has a
known monetary policy
where there’ll only be
21 million
.
Mark Yusko, founder and Chief Investment Officer of Morgan Creek Capital Management believes that new bull cycle will soon take
Bitcoin to $100k.
He predicts that in the next Bitcoin halving year, will get to Bitcoin to
$100k then go on to hit $1,000,000
per coin in due time.
Bitcoin’s price hits new all time highs every
4 years
and the events leading up to each new all time high always.
Bitcoin hit an
all time high
In Nov 2013- $1,000
In Nov2017 - $20,000 ,
In Nov 2021 -$69,000
BTC price action is showing “
bump & run reversal.
” pattern
What happens next — the so-called “
uphill run”
— gives the pair a six-figure target
BTC price action is showing Wyckoff
accumulation phase
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In An accumulation phase an investor such as big institution slowly
builds up their savings
and the value of their investment portfolio
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Usually with the intention of
selling to newbie
when distribution phase is started
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