Why Is The Crypto Market Having a Fad?

2023 is the year the crypto market has a major capitulation. 40-60% drops in prices wouldn't be surprising.

BTC will crash at 11-14k. Here's Why:

1/ Institutions continue selling Bitcoin.

2/ The global liquidity is collapsing. Crypto is not priced in for a recession.

3/ We haven't seen Bitcoin stay so many months under the 200 SMA.

4/ BTC looks horrifying on a monthly chart.

5/ There's nothing wrong with being optimistic, but being a bull in the face of an imminent recession due to irresponsible money printing over the last 2 years is not smart.

Don't fight the FED. It's simple.

6/ If you wish to know more about crypto’s future, follow me @ToniGhinea and subscribe to the Discord group.

Toni Ghinea | creating Crypto & Trading | Patreon

This post is based on this twitter thread.