Bitcoin price doom analysis: Why Bitcoin might crash to $85-$110

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC could go as low as $250 and even $85-$110 is possible. Here is why:

My original chart which I made one month ago had the title: "Bitcoin price doom analysis - Why Bitcoin might crash to $333"
Sadly BTC is falling even faster than anticipated. BTC is now below a two year moving average price ( EMA 720 - the red line) which was at $369! Therefore I'm lowering my most bearish target price from $333 to $100. Everything is possible now. But I hope that BTC bounces at $285-$320

P.S. When I published the chart the price was still higher and I originally wrote: "BTC could go as low as $300-$320"

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.