If the price of Bitcoin appears in this fractal trend, it may rise to $333,000 in a "parabolic" fashion.

Time:2021-12-28 Source: 936 views Trending Copy share

If the Fed changes its policy course, Bitcoin's price trend may "turn to safe assets."
If the price of Bitcoin appears in this fractal trend, it may rise to $333,000 in a "parabolic" fashion.
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A new forecast believes that if the Federal Reserve provides a "perfect storm" of low interest rates, by May 2022, Bitcoin (BTC) may reach the huge goal of $333,000.

On December 27th, Filbfilb, the co-founder of the trading platform Decentrader, updated an accurate price prediction, and he reached a surprising conclusion about the BTC price trend next year.

Analyst: For the 2022 bull market, "you don't have enough cryptocurrency"

After performing almost step-by-step throughout 2021, if the situation remains the same, Bitcoin/USD will reap huge gains in the next 6 months.

Experts said that the Fed is preparing to raise interest rates twice next year, which may have been reflected in prices, but unexpected changes in strategy may have far-reaching effects.

Filbfilb analyzed the Fibonacci sequence of the previous half cycle and historical price trends, and believes that due to the reduction of interest rate hikes by Federal Reserve officials, the price of Bitcoin may soar to more than $300,000.

He told Cointelegraph: “In order to reach the parabolic level, we may need a perfect storm of the Fed’s inability to raise interest rates (which may have been reflected in prices) and increased inflation, leading to Bitcoin hedging.”

In December 2018, when BTC/USD bottomed out at $3,100, a picture was posted on Twitter, showing the predictability of price movements since then.

"The price is exactly as expected," Filbfilb told fans on Twitter.

"You don't have enough cryptocurrency to deal with what will happen in 2022."

Although it sounds shocking, such a scenario-at least technically-is not as far-fetched as it seems.

As more and more indicators require a breakthrough upward, various signs have appeared in the market. Even the low time frame data is encouraging - for example, on December 27, the BTC/USD four-hour candle closed above the important 200-day moving average (MA), which is six weeks in the past. the first time.

The last time it reached the same level of uptrend was at the end of September, when Bitcoin just started to rise, hitting a current all-time high of $69,000.

The stock market may rise sharply, but it won’t last long

In terms of macro trends, commentators believe that in the case of a weaker U.S. dollar, the outlook for the stock market is promising-even if interest rates do rise as expected. George Gammon, author of the investment newsletter Rebel Capitalist Pro, was optimistic at the beginning of the last week of 2021.

He predicted: "I think that as the ‘pandemic is over’ continues, you may see the stock market continue to rise in the coming months."

"This provides a guarantee for the Fed to raise interest rates after quantitative easing is zero. After the market digests and realizes that the economy has been destroyed, and then sees the impact of higher interest rates, there may be a lot of downside."

Therefore, in this case, the impact of Bitcoin will depend on its relevance to stocks and whether it can rebound from the sudden downturn, as Gammon suggested, in a manner similar to March 2020.

Regardless, the prevailing opinion still believes that Bitcoin has not yet peaked after its major reversal in early December.

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