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Technical analysis by cherif100 about Symbol BTC: Buy recommendation (12/29/2023)

https://sahmeto.com/message/811970
cherif100
cherif100
Rank: 31183
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Buy،Technical،cherif100

The new year is filled with economic challenges 1. **Economic Slowdown:** - May lead to lower company valuations and market declines due to reduced revenues and profits.2. **Inequality:** - Can weaken consumption demand and investments, affecting stock markets.3. **High Debt Costs:** - Elevated debt costs can hinder companies and governments from investing, putting additional pressure on markets.4. **Central Bank Policies Impact:** - Changes in interest rate policies affect currency values and direct the flow of funds.we expect a corrective wave to 35k - 32k until june or even july we expect "The U.S. Federal Reserve will begin reducing interest rates in July." we will see money flow in the market again , btc will start a big bullish wave also alts ( maybe this is alts season ) "At the end of the year, we anticipate Bitcoin breaking its all-time high and stabilizing around the $70,000 levels.""Disclaimer: The provided analyses are presented with care, but they may contain errors. It is advisable to reevaluate them independently. The reader assumes full responsibility for their investment decisions."

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Price at Publish Time:
$41,771.01
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