Why Bitcoin BTC is heading to $12,000. The collapse continues

Why Bitcoin may be headed to $12,000, everyone is talking about Bitcoin rallying higher after reaching the $17,000 price level. However, there is a long-term monthly downtrend in Bitcoin cryptocurrency. That’s what crypto traders forget about since they are not looking at the bigger timeframes.

Bitcoin may be headed to $12,000, as explained in previous Bitcoin video analyses and forecasts. It may take a while until Bitcoin reaches $12,000. Remember that the financial markets do not move in straight lines, so it may take a bit until Bitcoin tanks and reaches $12.000.

As technical analysts and supply and demand traders, we should about statements like “Bitcoin shining during inflation was always a myth,”

Forget about Bitcoin having never experienced an era without quantitative easing from the Fed. We don’t have control over that, and most of us won’t really understand what it implies. Bitcoin crypto has a monthly supply imbalance at $40,000 as the high-end price level and a $12,000 low-end target where a strong demand imbalance is sitting.

Watch the Bitcoin video forecast and analysis below.

BTC crypto price today. BTC analysis 2022

As supply and demand traders, we do not need to pay attention to the DeFi news or fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for cryptocurrencies.

Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.

Join our supply and demand online trading academy If you want to learn how to trade using our supply and demand trading strategy.

Related Post


Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Get Free Trade Ideas

Don’t miss out on the next big trade. Subscribe to our Newsletter.