Markets sometimes reach saturation and then react and have to acquire new customers. I don't think the bear market that has been going on for about 1.5 years is over. But we will see Bitcoin more active than ever before. Also, as I expect an increase in bitcoin dominance, transitions from altcoins to BTC will increase.
Probably when we see BTC.dom at 52 level, bitcoin will have reached 32,000 levels. There is also the bowl handle formation I showed above. Let's drink our coffees for 60 days and watch the market rise. Probably towards mid-April and early May, hard sales will begin to come. I think there will be a drop at the point where profit realizations started in the summer and then a rally to new highs in mid-2024. American stock markets will definitely recover before the November 2024 US presidential election.
Of course, the Fed is effective, but interest rates have reached saturation and the 2024 American elections are approaching. So they won't be able to act as hard as last year. This gives us a good roadmap.
What are you thinking?