Hello, Bitcoin broke out of the boring appearance it had in the past weeks and realized the decline I was waiting for. I was repeatedly saying that the point where this decline would hit was the EMA 18 level. Now I continue to wait for this level, that is, $38,000. The issue I will pay attention to here is Bitcoin's movement as it did in June and September, especially on the weekly chart. I think it is possible for Bitcoin to drop below $38,000 in the weekly time frame, but if Bitcoin closes above $38,000 again after this crack in the weekly time frame, the rise will continue. A possible closing below $38,000 in the weekly time frame could push Bitcoin to around $34,000, but I do not see this possibility as likely for now. Since the run has already begun, we will not see a downward trend in Bitcoin after this period, except for an extraordinary situation, and we are entering a period in which we will be profitable no matter where you buy it from. If Bitcoin finds support at $38,000, I will add from there and wait if it makes a weekly close below $38,000.
Finally, I want to say this. I am saddened to be afraid to put an end to this adventure, which I started in 2022 with the financial reports I wrote on behalf of Bayford Analytics, due to financial reasons. In fact, weekly analyzes were going to end in 2023 after the closure of Bayford Analytics' weekly reporting department, but I thought I could carry out this work by putting it on my own shoulders. Although I kept the costs as low as possible, the fact that my reports were not in sufficient demand also increased the opportunity costs of writing reports. Therefore, I would like to inform you that it is pointless to put any more effort into a job that does not bring me any profit and that wastes my time, and that I will not be able to do this job from now on.
In the coming period, I can only write articles, especially sector and economy articles, on the blog of my own website, yavuzakbay.com, arbitrarily. My followers on Buymeacoffee, Twitter, Bluesky and Patreon who want to read can now follow me on my own site. Apart from this, my followers who want to receive collaborations or financial training can also contact me through the contact section of my website.