Bitcoim

Well i will express my opinions about what could be happen in a few days in bitcoin.Obviously we have been going on hard days for a couple of days. Now at the moment i am writing this, Bitcoin is about 36.7k. What i want to express is that there is an actually possibility that we can go on a rally in Bitcoin for next weeks. I will simply put some macroeconomic, psychological factors and state some indicators.

First of all the fall of the bitcoin to 29k was not a natural reflection of the markets. It was triggered by some newsand unfortunate manipulations. The bitcoin fear and greed index reached to the 11 which is extreme fear and the lowest in one year.

one year. What triggered this fall then?One of the answers is that Elon Musk. I can not sue Elon Musk if he was merely beneficial or harmful to cryptomarkets. I believe that overall he helped lots of money inflows to the Crypto Markets

With the promotion of Dogecoin, actually the total market 2 experienced an epic rally starting from 25 April 21' through 13' May inflow 600 billion dollars. And then what happened is that the factor of Elon Musk partially removed from crytpo markets over his negative comments on Bitcoin and suspension of Tesla payments with Bitcoin.Then total 2 market cap just turned back to where

it started in 25' April.Well actually this is called 'wyckoff' chart.The market periodically turns out to be where it started which a period could be minutes,to months or years .Well actually wyckoff effect is intersect with Market cycle.

What is interesting that when Total market cap finished his 18 days Wyckoff period Bitcoin performed in a divergent way. When bitcoin falls to 29k it finished its Wyckoff period which started from end of January 21.This is

good news for Bitcoin investors because investing Bitcoin means lower risks.Because it has already finished a market cycle.

If the total market cap 2 would have turned to its January levels whole market would crash and make unbelieavable damages to other cryptocurrencies rather than Bitcoin.

What caused total market2 performed much way better than Bitcoin? There was an excessive upward profit making greed trend. So this made people looking for low market cap cryptos and new oppurtunuties. However this trend went of the rails and everyday thousands of new tokens created on Bsc network in which most of them scams and operational laundry tools.

Some of them drawed a market cycle in one day or one week or even just minutes.Yes there are some tokens which is created and died after just in minutes. Unfortunately what i think is that in the crypto currencies which are called shitcoins we may see similar crashes in the following months. Some of them can loose their %90 value.

However when the attention changes its direction from total market 2 to Bitcoin the money will not exit so easily .I think it will flow to a safer harbour which is Bitcoin. The performance between btc and total market cap will differentiate

in the following months which has already started. If the total market cap 2 keeps its downward trending, there is a possiblity that bitcoin may experience a good rally.

İf the harsh waves calm down , bad news inflow stops İ believe Bitcoin will perform better than the general market.

There are other reasons why i am optimistic about bitcoin. Also Elon Musk effect is felt also too much. But there is a remarkable indicator that Elon Musk effect over crypto markets will wither in time. The Tesla stock prices are falling Elon Musk rank of the richest man on the earth turned down. Is this a coincidence? The high peak of Elon Musk tweets about cryptocurrencies he lost some fortune.I believe not. When Elon Musk promoted cryptocurrencies a bizarre affiliation between crypto and Elon Musk was set. That bizarre affilition created a antipath towards him pushing down Tesla stocks.

The losses on Doge coin and cryptomarkets in general deepened that antipathy.Wha i expect is that Elon Musk probably will exhibit a mild positive attitude through crypto currency after these events. When uncertainity and fear wither away over crypto the Bitcoin may perform well.