We haven't been back here in price for a long time. I keep seeing support at about 20,300 (It's only a 1 day snapshot and I don't have the future yet) which at least gives me suspicion $20,000 is a significant point. No I won't have a lot of fancy chart analysis or statistics, however if you do, you're encouraged to add it to comments.
If this is our new ground zero how strong do you think it is? There are a lot of conditions that brought us here. They are rising interest rates, the Ukraine War, gas prices increasing, Bill Gates declaring crypto is for fools, and a general consensus to reduce risk in investments(stocks have shown a significant correlation to crypto recently).
Aggressive interest rate hikes have sounded warnings of a possible recession. In spite of all this going on, is it real to believe bitcoin is worth 20,000 right at this point in time? Where is ground zero is the million dollar question and I'd like to hear where you think it is.
Ground Zero is?
A) 20,000
B) 15,000 - 18,000
C) 10,000 - 14,000
Choose or enter your own answer.
Disclaimer: Of course I am not a financial advisor. This is just my opinion.