Hello my friends, welcome back to Digiwarehouses.
As we navigate our way out of the bear market, we can see some light at the end of the tunnel. The road will be bumpy as we build our market structure but in the end i believe bitcoin will get out of the bear market with strength. Approaching mid 2023, we can see that several market conditions start to shape up:
- The Fed is slowing down on Rate Hike
- Economy is slowing down as we seee that banks started to show weakness and job cuts are still happening everywhere as the Fed still try to force a recession to slow down the economy.
We see that during this week that gold has reached a new all time high above $2,000 USD as investor turn to gold for safety.
All this economic condition affecting the price of bitcoin for sure. However we can still see that bitcoin had a major rebound to around $28,000 USD despite all these conditions.
I believe the next few months until the end of the year will be crucial to bitcoin as bitcoin might test our nearest support but will eventually go up to around $40,000 at the end of the year and hopefully go even higher in 2024 based on technical analysis.
As of this week, the prices of bitcoins and friends are at:
Bitcoin ( BTC ) - $29,095.- / IDR 426,512,000.-
Ethereum ( ETH ) - $1,898.- / IDR 27,886,000,-
CoinSwapSpace ( CSS ) - $0.012
Here are some of the prices of crypto assets in my portfolio:
Cardano ( ADA ) - IDR 5,710.-
Polkadot ( DOT ) - IDR 85,035.-
Chainlink ( LINK ) - IDR 103,871.-
Stellar ( XLM ) - IDR 1,368.-
Tezos ( XTZ ) - IDR 14,603.-
Don't forget my favorite token : Coin Swap Space
DAPP: https://app.coinswap.space/#/
Twitter : https://twitter.com/CoinSwap_Space
