WHY IS BITCOIN CRASHING INTO 2017 PRICE RANGE.
Well hello all you cryptonions here in the cryptosphere. Its been a long time since the last time i posted any content. Actually i am 5 days short from a full 3 month break. I have been buzzy. In march bitcoin had a high of around the $48000,00 range and i made the decision to sell my bitcoin at the $45000,00 range. Being invested in bitcoin since the first time it reached $3000,00 range i made a decision to claim my profits and spend my money on securing my future. I have build my self and my family a 2 bedroom house i also cleared my debt a d bought a cheap on fuel vehicle not brand new but not to old . Buying the vehicle cash and completing the house with cash and leaving my credit clean. Now I did expect that bitcoin would not drop below the $25000,00 to $27000,00 range . That idea was brought forward by looking at the way bitcoin kept itself above that $25000,00 range after the last ATH drop . The support bitcoin got last time was strong and powerful and it gave the impression that at that range the corporate investors would pump it up . This was not completely impossible and could easily have been the case , but our granddaddy crypto has been benefiting from a huge amount of money that got pumped into the whole financial system. With the FED promoting a 0% interest rate , people getting stimulus checks ,personal checks and goverment actively buying a d propping up the markets to attempt to avoid a pandemic financial failure . This financial environment has been keeping the financial boat afloat since the start of the pandemic . When the pandemic started the financial markets in fact all trade and business took a huge hit. The worlds financial system was looking to be at the end of its life cycle. What did the FED and bankers do they pushed more and more money into the system. Since the drop in 2020 there has been about 2trillion dollars pushed into the financial markets. That can all be contributed to the stimulus and all the other things done to try keep the crashing boat afloat during the initial stages of LOCKDOWN .
Two years down the line all the actions taken to avoid a complete shutdown of the worlds economies has not been kind on us. We got hit by reality with the highest inflation rate in the US for nearly 40 years and almost reaching the highest inflation rate in the history of America. That has caused a interest rate hike from the fed . I feel it wil be finalised and in place by August or September 2022. To ad salt to injury the banks were constructed to reduce credit giving out less loans and making the criteria to obtain a loan alot more difficult. FED has stoped Congress buying stocks and all money that was being pumped into the system was stoped allready. That is not all as we are seeing the Russia Ukraine crisis / war / western propaganda to ignite ww3, what ever you want to call it. The issue is not so much the war as what it is the sanctions against Russia. We are seeing fuel prices reach ATH as Russia is not supplying its oil. Oil prices ate going up more and more as long as the supply is disrupted. Then there is the issue of the grain that Ukraine is not exporting at this moment. Ukraine supplies alot of the worlds agricultural products and so to Russia. Vegetables oil prices have nearly gone up by as much as 50% in some countries. The biggest and most realistic thing about this is that the EU are claiming to be almost 100% self sufficient. The transportation of the the food will cost a bit more so the price of the food will be higher than usual but that proves that the chances of the sanctions or export restrictions put in place by the EU, UN and Russia themselves also restricting the export of grain will not be lifted any time soon.
WILL THIS CRASH EVER END.
Well its my honest opinion that it will stop its possible for the entire crypto market cap to drop down to 0 . Although its possible it is very unlikely that it will crash that bad. I feel like bitcoin will start showing us closer to the low $10000,00 range were this bear market will bottom out. I predicted a price drop to the $10000,00 range back in February but thought that these low levels would only be witnessed after the FED raised the interest rates. But the Russia Ukraine crisis as well as the real loss and damage done by the pandemic to the financial sector is only now being revealed. So when I go to pre covid price charts i do see bitcoin having a good pre FED pumped price at around the $20000,00 range. That makes me believe that the drop is in essence only bringing us back to the normal pre covid levels. So when i look at the history of Bitcoin crashing i get the idea that the $3000,00 range is the biggest and strongest support level . With that being said i must also mention that the $10000,00 range is also a major support level. So as bitcoin is currently coming the the bottom of the current resistance range a d its showing signs of continuing down the the next support level at about the $15000,00 to $16000,00 range. If it drops below $15000,00 it will probably drop down to $10000,00 3 or 2 days from now . If the drop is fast and strong resistance is shown then it could could drop down to the $10000,00 range by the end of trade today. The matter is also not being helped by commercial investors as they are not going to ve investing into anything that is dropping like crypto is at this moment. Actually if look across the entire financial markets i do not think big investors are investing alot of money into anything at the current moment. But when bitcoin does find support and starts to consolidate at the $3000,00 range then that could and should trigger huge commercial investment with companies then trying to get in at a price that most likely was not imaginable 5 months ago. That should drive public investments and could start the ever increasingly anticipated alt season and bitcoin launching off mooning @around the $70000,00 to $90000,00 range . But those levels could take 2 to 3 years before they are realised.
THE FED PROMOTING , PLANNING AND MANAGING THE EXECUTION OF THE 1% ELITE AS THEY FINALLY NOW PUSHED THE RESET BUTTON.
Over the past 3 years there has been alot of talk about the great reset and how covid and the pandemic was the initiation of this big financial reset and redistribution of the worlds wealth from the 1%to the new elite elite 0.1% the outcome being that the reset will redistribute the wealth of the world to the 0.1% making 99.9% of the world population's combined capital will be less than the 0.01%'s capital. This is a conspiracy theory by some but others believe this conspiracy 100% . If you look at the FED taking action now with the current crash it will be easy to see if they are indeed pushing the agenda of the silicone valley 1% of the world y the actions the FED takes . If the FED comes and drops the interest rate hike and starts pumping the markets even the traditional markets then we know the FED is just pumping the leaking system so we can get past this and revisit a resection in maybe 5 to 8 years from now again . They will pump the system and keep inflation and that will just exaggerate the next crash and it could even come quicker than traditionally. But if the FED do not attempt to save the markets and really try to "curb inflation" then the economy will fail as the markets tank and hit 0 . At which point the super elite silicone valley rich folk will put into place a new system maybe a credit social system like China is doing. Who knows but when the economies of the world fail the rich will become even more richer and majority of the worlds population will own nothing and be completely dependent on the governments or new world government. We will own nothing and be content with it.
A SMALL REMINDER
I would like to just remind a one reading this post that i am not a financial advisor and this is in no way ment to be taken as financial advice. Please do due diligence and consult a qualified financial advisor before investing in anything ever. Do your own research a d please do not invest your money before having your own research and knowledge. Remember Knowledge without experience is folly but knowledge obtained through experience is wisdom.
Thats it from me Derbycuzxrp.
I hope you enjoyed the article .
Till next time
Tttttttttttttttttttttooooooooooo
Ttttttttttttthhhhhhhhhhhhheeeeeee
Mmmmmmmoooooooooonnnnnn
Lllllllllaaaaaaammmmmmmmbbbbboooo
