Bitcoins FINAL Correction?

Currencies / Bitcoin Nov 04, 2023 - 07:18 PM GMT

Why is the bitcoin price falling if we are trending towards the SEC approving bitcoin etf's i.e. black rock?

I smell dark pools of capital at work engineering favourable price action to accumulate into. This could be the FINAL bitcoin dump before we wake up to a bull market to NEW ALL TIME HIGH's .during 2024 How low? maybe fall to 20k.... I will be scaling in as low as it goes, for the X4 to X5 payoff.

Target for next bull market is $98k to $130k to distribute into.

Where do I keep my crypto?

I use trust wallet, etorro platform (not wallet), have some on nicehash via mining, conbase and have a little left on binance having moved most off to trust wallet. If accumulation goes to plan then probably 2/3rds of my crypto will be on the etorro platform vs current 1/4.

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S&P

Targeting 4600 Mid Summer 2023 Top followed by correction to below 4150 into October 2023.

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By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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