BTC/USD: Looking towards the future
By looking at the candlestick chart, the situation seems clear, there are 3 support lines along the way, is that where we are headed? Not for sure, for that, we need to review the fundamental aspect as well.
The majority of the worlds is on his way to an unknown period of time with a high-interest rate, how this can affect?
Bitcoin is actually an investment with a very high risk, therefore in times of crisis investors tend to reduce their investments and risks, meaning, there is a high probability that we will see the downtrend continues.But, in an extreme scenario where a certain currency like the Euro loses public trust, there is a scenario where the holders of the currency will look for another place to "store" their money, will it be Bitcoin? It is very unlikely that this will happen but, there is such a possibility.
At last, both the technical and fundamental analyses show us something that leaves not too much room for optimism about Bitcoin.
