π¨π Crypto Market on the Brink of Chaos! ππ¨
So, you know how the crypto market is always going up, up, up? π Well, not this time, folks. The whole thing is tanking because some genius economist at Moody’s is warning of a recession. And, of course, it’s all Donald Trump’s fault. π
Moodyβs Economist Warns of a US Recession
Mark Zandi, the economist, is like the crypto market’s worst nightmare. He’s saying that the US is careening towards a recession, and it’s all because consumers are getting all anxious and stopping their spending. π€― I mean, who doesn’t love a good recession, right? π
Zandi’s favorite recession indicator is when consumer confidence drops by 20 points in three months. And, guess what? That’s exactly what’s happening. His recession indicator is flashing bright yellow, and I’m pretty sure that’s like, a warning sign or something. π¨
So, what’s the main catalyst for this recession? π€ You guessed it: Donald Trump’s auto tariffs. Because, you know, nothing says “good economy” like a 25% levy on imports. And, of course, he’s got to make it sound all exciting by calling it his “Liberation Day”. π
Now, I know what you’re thinking: “Larry, this is all terrible news.” But, you know what? It’s actually good news for the crypto market. Because, when the Fed starts cutting rates and doing quantitative easing, it’s like a free pass for all the risky assets out there, like BTC, ETH, and SHIB. π
SHIB Price Prediction: Technical Analysis
The Shiba Inu price has been on a wild ride, folks. It went from $0.000035 to $0.00001125, and that’s like, a 65% drop. But, don’t worry, because it’s formed a rising broadening wedge pattern, which is like, super bullish. π So, if it rebounds in the next few weeks, the next target will be at $0.000025. Up by 65% from the current level. That’s like, a nice little bonus. π€
But, if it drops below the ascending trendline, that’s like, a whole different story. Then, we’re looking at a drop to $0.000070. And, trust me, you don’t want that. π±
BTC Price Technical Analysis
Bitcoin is like the king of the crypto market, folks. And, right now, it’s got a rising wedge pattern and retouched the neckline of the double-top pattern. That’s like, a double whammy of bad news. π¨ So, if it drops to the year-to-date low of $76,890, that’s like, a whole lot of trouble. π€―
But, if it rises above $95,000, that’s like, a whole different story. Then, we’re looking at a nice little rebound. π€
ETH Price Technical Analysis
Ethereum price is like the wild child of the crypto market, folks. It’s formed a triple-top pattern at $4,000, and now it’s crashed below its neckline at $2,120. That’s like, a whole lot of trouble. π€―
And, if it drops to the support at $1,746, that’s like, a whole different story. Then, we’re looking at a nice little crash. π€
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2025-03-27 18:47