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Negativetrend

BTC to lose another 40% or more in the next quarter?The trend is showing a rapid decline in capital store in BTC, and if nothing changes is very likely that BTC will finish this trend back to the all time trend line. The area of interest is around 10k for a 'possible' floor where prices could stabilize, however, bottoms and tops prediction is illusive as the end of a rainbow. After watching the latest devastating revelations in the crypto market, I now believe that BTC is overvalued a great deal, and I am very pessimistic of what a fair value for it could really be. Let's watch and see, but I don't expect any change in this trend direction, at least for the first quarter of 2023.
COINBASE:BTCUSDShort
by Allenvik
44
S&P 500 reflects the bear trend of the economy.The bear trend is clear, and is here to stay IMO for couple years. Nothing to indicate otherwise specially with all the negative data coming from the economy and geo-political landscape lately.
SP:SPXShort
by Allenvik

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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