It is a times like this when logic in markets seems to fail the mind and we must step back and not allow the FUD and price action to dictate emotion or action. That is unless you intend on selling early because … well … you are special 🤡
So here is some channel pricing for Bitcoin that should calm the high time preference panic in you making you feel like Amber Heard sniffing* her tissue on trial.
Right back to the Slow Time preference business, here we will show you some of the great simple charting that Jordan Lindsey recently dropped.
In the current state of Bitcoin we would “expect” (nothing is given) that over the next 2-3 months the lowest price will be around $28,000 with a $60,000+ price going into the end of the year.
So, unless something drastically breaks then the below channel is likely to be respected. All of which means that if you believe in a Bitcoin future, an incredible buying opportunity is coming in this period.
But… as Jordan Lindsey points out, this range following trend will then see us continue into the near future (2-5 years) with expected trajectory of a rounded 107%. year on year. Well that certainly will alleviate the Inflation pains if you discount the volatility and you continue to HODL.
Global Macro
The stock market is taking a dump and that will affect overall crypto pricing as people hedge to cash from all angles to protect their positions. That being said we at TWG are hugely impressed and belated to see how well BTC is holding up in a risk off environment. This is mind-blowing and demonstrates its maturing ability to be a real global asset and play in the big leagues. Only a couple years ago this same environment in the markets would have likely caused a 70-80% drop in price… just look at what happened in March 2020 for example.
Guess what, even as the price is falling the whales keep accumulating!!!
LFG (Luna Guard Foundation) just bought another $1.5billion (37,863 bitcoin) again further stabilising and highlighting the desire for taking ownership and reserving BTC for the future.
Eventually real maths outplays the Game Maths of the markets once the old guard realise that the supply of available bitcoin is rapidly depleting.
The fireworks come soon there after 🚀
Till next time
The Wealth Gap Team