Bitcoin is hovering around the “Neutral” zone for the first time since April 2022.
Bitcoin & overall crypto market sentiment managed to shrug off the losses caused by the Terra collapse and the major liquidation of big players (e.g. Three Arrow Capital in June 2022).
In June 2022, the index briefly plummeted to 6/100, which indicated a level of extreme fear unseen in many years. Yesterday, Bitcoin tried to reclaim the $25,000 level for the first time in two months with strong general market momentum.
Ethereum jumped over $2,000. Bitcoin and Ethereum holders who were lucky enough to buy the bottom in mid-June 2022 are now up 40% and 100%, respectively.
Where is the next buying opportunity on Bitcoin & AltCoins?
Bitcoin Price Prediction
BTC Buying opportunity: $22,500 – $22,000
Ethereum Price Prediction
ETH Buying opportunity: $1,600 – $1,450
Binance Coin Price Prediction
BNB Buying opportunity: $285 – $270
Aave Price Prediction
AAVE Buying opportunity: $95 – $85
Ethereum Classic Price Prediction
ETC Buying opportunity: $34 – 30
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What next? Marco View – Inflation 2022
The CPI inflation rate finally pulled back from a 40-year peak in July, as the consumer price index came in cooler than expected.
Core inflation, also downshifted, lowering the odds of a big Federal Reserve rate hike in September.
=> It’s a super positive first step! Though, it will take a few good more months of inflation cooling off for the Fed to stop hiking.
But again and overall, it a very constructive for the macro.
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