It looks like the November high is in. The next low centers on the end of March. That means we are either going to get choppy or ugly.
The FTX debacle has taken bitcoin to my long-time objective price. We are very near a major bottom. However, we are also approaching significant changes in regulation.
Is the high in or is there one more left?
Bear market rally in progress - tracking the dollar (inversely).
If there is one forecast I want to be wrong, it is this one. In the short term, the price of oil should be going up. However, in the medium term, if this projection is correct, the associated demand destruction to point C (B) would be the symptom of serious financial difficulties.
Bonds may rally in here, but it should be a bear market rally.