Crypto and Stock Market Rallye coming up?
After nearly three months of bearish momentum for the stock market and nearly two years! of bearish momentum for the crypto market, we saw significant gains in both sides during the last two weeks. And there are signs that could forecast a market Rallye until the end of the year. But be careful. Both markets are highly unpredictable at the moment and small implications can have huge effects in pricing.
Like always I will provide you with a bullish and bearish szenario including the most challenging topic to look out for at the moment.
But before we start and as always: Nothing I write here is financial advise. It's purely entertaining and educational content. Please always do your own research and factor in everything you can before you decide to invest in anything!
Crypto bullish:
After a very long lasting crypto winter a upturn is overdue on the technical side of trading. This has been the longest crypto winter so far and after coins loosing about 70 to 90 percent of their value compared to their all time high. And with all that already behind us for many the door is now wiiide open for significant gains.
There are plans for BTC spot ETFs in America and a lot of bearish politicians and economists seems to change their opinion about crypto lately. If this will be good for the crypto market in general or just help Bitcoin is pretty uncertain now but it seems to be very safe to say that we went through the lows of this low season already.
Crypto bearish:
Some people are afraid that the lows of this bear cycle haven't been low enough to be certain about a upcoming bullish phase now. If the spot BTC and ETH ETFs are not going to be approved, it would put a huge load of pressure on all coins and could bring BTC into the 10 to 13 k range.
This would also lower a long-term bullish Outlook in terms of performance.
Stock market bullish:
After three months of constant losses in nearly all sectors apart from nuclear power and weapon stocks across the whole market, it's not unlikely that we could see a market Rallye until the end of the year. Most stocks lost a lot of their earnings of that year during the last months and could so a big upturn which could last for a few months.
Stock market bearish:
The high volatility in the market right now is definitely a sign of fear. The Chinese housing market is collapsing, interest rates saw their fastest rise ever and the American monetary politics are ...let's say.. difficult at least.
All this combined with a lot of wars happening close to Europe there is still a lot of downward potential for every business.
Be aware of that whenever you want to invest.
That's it for today
As always feel free to express your opinion.
Cheers
