Ian Wright

Bitcoin under 20K. Where is the bottom?


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After closing another bad week for stocks with a particularly tough Monday, we now focus on cryptocurrencies. Unsurprisingly they are still in a downtrend, with Bitcoin dangerously below 20K and Ethereum below 1K.

The situation for the leveraged is critical and they could face their margin calls. We are in such a high moment of inflation, with rises in interest rates, very expensive oil prices, and this unstable geopolitical situation that can turn the market into a vicious circle if it has not already done so. Despite this, many voices comment on the possibility of finding the bottom of this bear market soon.

Faced with so much uncertainty, it is better to remain very attentive to all the fundamentals since any relevant news can give us clues as to the direction the market will take. I believe that the recovery of cryptocurrencies will be slower because their reputation will be affected by new cases of failed projects. Although everything is yet to be discovered as the volatility of the crypto world works in both directions.

Now that we have released the negative, I tell you (I remind those of you who already know) that the adoption is underway. Tag Heuer will allow NFT to be displayed on its smartwatches, Visa launches a Bitcoin Card, and the NBA and F1 are sponsored by many crypto projects, ...

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A picture is worth a thousand words 😉

This post was also published in read.cash by me, The Crazy Dude. If you liked follow me to see more like this!

Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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The Crazy Dude
The Crazy Dude Verified Member

I am interested in this new era we are coming into. Will post all the interesting things i´ll found.


Cryptoworld by the crazy dude
Cryptoworld by the crazy dude

Initial non financial advice for people who start their journey in this field, conspiracy news and personal thougts. Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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