How Low Will Bitcoin Go?

2 years ago
3

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In this video, I discuss possible Bitcoin price targets, using metrics such as MVRV (market value realized value ratio) and the 200-week moving average price chart.

The one wild card is that the Fed has never been this hawkish in Bitcoin's entire 13-year history. Bitcoin is not a tame lion, and it can do whatever it likes over the short term.

That being said, I believe that the worst is over, and that buying Bitcoin at these levels is a no-brainer if you are a long-term hodler.

It's just important to avoid leverage, and also to hold your own private keys.

Here's how to store your Bitcoin safely:
https://www.youtube.com/watch?v=rTIl7TKEowg&ab_channel=TraderUniversity
https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=TraderUniversity

Not investment advice! Consult a financial advisor.

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Bitcoin MVRV ratio chart:
https://charts.woobull.com/bitcoin-mvrv-ratio/

Latest Glassnode report:
https://insights.glassnode.com/the-week-onchain-week-24-2022/

FOMC probability calculator:
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

Fed telegraphs 75 bps hikes coming:
https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surprise-0-75-percentage-point-rate-rise-this-week-11655147927

Check out all of my free Bitcoin videos here:
https://www.youtube.com/c/TraderUniversity/videos

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https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

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