We constantly receive questions and investment advise related to cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. So we decided to collect some information from leading investment advisors and present it to our readers in a way which is more fathomable or easy to understand.
Bullish Pattern on The Horizon
According to the Bloomberg chart below, it is fair to say that a second breakout will occur around $55,000. This sentiment is also echoed by Shayan who also mentions a $50-60K peak, but also talks about a potential consolidation between supply and demand which is influenced by heavy market volatility.
In layman’s terms, this analyst is saying that BTC will reach $50-60K, and then regress towards the average.
Despite an increasingly Hawkish Fed which recently ratified regulation regarding a blanket ban on its officials which bars them from trading cryptocurrencies, Bitcoin has shown remarkable resilience. The fact that the Biden administration has chosen not to outlaw cryptocurrencies, rather embrace innovation and financial transparency has also bolstered the position of this grand-daddy of all cryptos.
The War In Ukraine
Some analysts claim that the war has created demand for the currency since the Russian Ruble and Ukraine Hryvnia have both taken significant dips as can clearly be seen here. The more Bearish or conservative analysts believe that Bitcoin will also take a hit since it is strongly hedged against other stocks or indices because it has become more acceptable with investors.
Pork Belly has reached a 52 week high since the start of the skirmish in the Ukraine. That’s because the two battling countries are huge producers of wheat, and grain which is used to feed swine. Since farmers are unlikely to absorb the costs in swine feed, it will most likely be passed on to consumers unless the governments intervene.
Western Sanctions on Russia
The sanction the West has imposed on Russia have hit hard and major corporations such as McDonald’s, Starbucks, Coca Cola, and Heineken have pulled out of of Russia and moved their businesses elsewhere. If you are a more institutional investor with a nose for business, you will know that this can’t go on forever and at some point big business will come back to Moscow. So this also presents an opportunity if you are willing to take a risk and invest for the long term.
Automated Trading And Risk Management Tools
If you are looking to get into the financial markets and start trading then you will need access to some trading tools. Our staff consistently looks for new and promising trading systems. Once we identify an app which we believe has potential we add it to our recommended section for limited time and also for testing purposes. If the app generates consistent income it stays with us and our viewers can take advantage of our systems as well at no cost to them
Market Summary and Action Items March 14, 2022
Today we are bullish on Bitcoin, and believe that due to increase trading volumes and activity the tipping point should be around $40K for conservative investors. If you are willing to take more risks, then 41K is the price.