BTC Bitcoin to Zero
BTC Bitcoin has a chart that looks like the inverse of gold, silver, platinum and uranium miners these days. It is sporting a head-and-shoulders pattern. First support is around $20k. I think $1k is a possible target in a bad bear market similar to the doctom bust 20 years ago. The pattern itself generates a target of zero, technically below zero. A mirrored decline of the run-up would take BTC to zero around late October or November. That is solely a chart read. As a trade, I would be long gone on a BTC short before then, I'd probably exit around $10k if I took a short position here. I don't touch it though. As I've laid before, my crypto bet is on a different Bitcoin blockchain, BSV.
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