coreSATS

Is BTC forming a hyper Squeeze?

INDEX:BTCUSD   Bitcoin
According to Bollinger, there's one pattern that raises more questions
than any other aspect of Bollinger Bands. He calls it "the Squeeze."
As he puts it, his bands, "are driven by volatility, and the Squeeze is a
pure reflection of that volatility."

Alright then. There forms a pure squeeze seemingly triggering a volatility
heading our way. Either a sudden high volatility may attempt to drain to a
historical touchdown to about 85%, and the bottom is found. Or, the parabolic
rally may trigger with some kind of event bringing-in the confidence that's
quite much lost throughout.

Hypothesis: Holders' hope at 19k range (the squeeze, the diamond hands, the believers, the sustained bottom found).
83-85% drop from ATH at 11k range (the great squeeze insinuated volatility, the historic bottom found).
Great three taps at 4k range (conspiracy theory, managed manipulation, so-called diamond hands slippage).

And eventually the great reset at .5k range to eventually ZERO (Satoshi Nakamoto is someone around, watching,
developing Bitcoin V2, or a replacement, who knows the evolving technology impact fairly better than many
of the computer engineers and geniuses to date, foresees bitcoin failure (he didn't quite anticipate this much of energy
be consumed to mine, cost of electricity to be paid, and a handful of companies and people having a total control of
manufacturing ASICs, and is designing something else superior than Bitcoin to sustain Quantum era
attacks, mining equipment affordability so that all can mine, a new concept rebirth, sustainability, and so on).

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