Bitcoin’s Bottom is Set This Year

Bitcoin will rebound after the current bearish impulse ( now $21,922 ), end slide to US19 ,600 and then up in a lower high,26K(retest ) - Higher at 28K , then i will correct again on 15th June to $20 K — 

Bulls and whales will support to enter a very short consolidation phase until mid September , unless the War stopped to boost reversal rather the bearish sluggishness may drag into the Inflation Winter .

Full recovery seems only likely in 2023 ..but we will see some cryptos full disrupted and may disappear in coming weeks ( let hope they do not pull the market into Ultimate FEAR )

Bitcoin’s price fell below the important support level of $22,000, breaching below a trading range that had maintained for the previous week. The fall is occurring at the same time as a widespread sell-off on financial markets throughout the world, which caused the Dow Jones Industrial Average to experience its largest one-day point decline since. Some market experts also blame Crypto fanatics offloading their stock for the 15th June Fed’s Meeting, of which wall street speculates 100 points hike during the hawkish monetary policy, adding extra sell pressure to a market that is trying to ramp up for a recovery bounce.

The whales, on the other hand, seem to be unfazed by the recent price drops and market turbulence. Large holders purchased all of the cryptocurrency that was put up for sale during this bearish crackdown and stocked up on as many coins as they could in the $22,600 zone. This is the most significant question that has to be answered right now.

When trying to determine if pessimistic or bullish attitudes are prevalent, the following six on-chain measures should be given the greatest consideration:

• Supply and Demand on Cryptocurrency Exchanges

• Whale Unloading and Accumulation

• Dormant Flow in the Entity

• The Behavior of Investors With a Long-Term Perspective

• Statement Regarding the Fear and Greed Index

• Hodler’s Adjustments to His Net Position

• Net Unrealized Profit or Loss

Lets look at the following only ;

Whale Accumulation

The behavior of whales is the single most significant indication. If we take a look at the addresses of the whales that have more than 1,000 Bitcoin, we can discover that they purchase any Bitcoin on average. They cleared their stock gradually over the course of the previous two months so as not to startle the market, and the company is currently on a purchasing binge.

However, the bigger whales that have more than 50,000 BTC in their addresses have been buying, which has led to the maximum bullishness for this indicator as well. ,they now want a rebound for the 14th of June and anticipate the White House to be releasing some news.. as N.Pelose appears start taking action on the Dows for some nice takes this week.. It seems like she is all buckled up and ready to go.

2. Available Inventory on Markets

The supply on exchanges is the second most significant indication since it displays the number of holders who are shifting their coins to exchanges in order to sell them. The value of this indicator is now at a record low, which indicates that bullish sentiment is at its highest.

3. Dormant Flow in the Entity

The entity dormant flow is another crucial indication that reveals how many addresses have just been holding on to their Bitcoin and have not sold any of it. These numbers are also quite close to all-time record lows.

4. An indicator that takes into account both fear and greed

The Fear and Greed index is a highly helpful indicator for determining where markets have bottomed out and where they are now trading. It has once again reached its all-time low, and it is now trading at its highest level of bullishness.

5. Addresses under the Circumstance of Loss

We have now reached an all-time high for the number of addresses that have been misplaced. This has only happened once, during the Covid-panic collapse in 2020, which occurred at the all-time low of the previous five years and resulted in the loss of almost 24 million addresses. This last week, the sum was exceeded well above what was expected.

6. The Behavior of Investors with a Long-Term Perspective

This statistic examines the behavior of long-term investors, and it reveals that such investors have been purchasing Bitcoin in large quantities ever since the price of Bitcoin has been plummeting around its prior maximums.

7. NUPL The Net Unrealized Profit/Loss is at its lowest level since May, when it touched $32,000 and then rose to $37,000. NUPLs look at Net Unrealized Profit/Loss.

As can be seen, each and every indication points to a bullish outcome, with the majority of them pointing to an exceptionally bullish outcome. Bitcoin’s price has fallen from $37,000 to $22,000 in the last month , and there are a number of factors that contributed to this drop.

“ Buy the rumours, Sell the News ” is killing the market , since prices are expected to go downward.

However, we have also seen that immediately after announcing the increased interest rates in the middle of June, Bitcoin is anticipated to plummet to a new low again. This took place last month in May 2022 . As the market is quite close to reaching its bottom at this point, this might be the earliest day on which a rebound could occur.

This might provide us with a prolonged pump from June through September, the next future expiration date, which may drive the price of Bitcoin to a much higher level but as explain, we are expecting an Inflation Winter ,so Bulls will support to enter a very short consolidation phase until mid September , unless the War stopped to boost reversal rather the bearish sluggishness may drag into the Inflation Winter

This suggests that cryptocurrency markets might have yet another large surge over the next couple of months, but then begin to fall once again around the middle of July, in the middle of August, and in the middle of September.

However, despite the fact that I would want to live in the fantasy of “Bitcoin Going to the Moon,” the reality is that nobody knows for certain what will happen, other than the fact that we will either witness it moving up, down, or sideways.

Therefore, the best course of action for you to take is to use a variety of approaches, to diversify your exposure to risk, and to maintain a watchful eye for developing patterns on the chain. Last but not least, if you still want to accumulate in order to establish a position, you should do it gradually so that you are prepared when the trend begins to resume its previous direction.

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