Technical analysis by platymetheus about Symbol BTC: Buy recommendation (10/25/2022)

We broke through both medium term trendlines. Investors are speculating that the fed will soon be slowing or pausing it's rate hikes. This will most likely result in temporary optimism and a short term bull rally. This is not the real rally though, don't be misguided. We are heading into a global recession next year. That'll probably cause a quick but drastic drop in risk on assets. But when the fed begins to drop interest rates in response, that is likely when the real bull market will begin. I think from here we could see a retest of 24-25k. Watch the news 🧐