The price of Bitcoin will soar if you believe it's going to be the world's reserve currency.
Otherwise, we're reaching a likely imminent crash:
Most importantly, Bitcoin's economic model is designed to be "pyramid-like". As miners' incentive drops next month, Bitcoin's price should reflect the cost.
Otherwise, we're reaching a likely imminent crash:
- Bearish divergence on the volume
- Classic rising wedge
- Key resistance levels
Most importantly, Bitcoin's economic model is designed to be "pyramid-like". As miners' incentive drops next month, Bitcoin's price should reflect the cost.
Comment:
BTC has just broken down the wedge. We'll see if there's a retest, though <6k is likely very soon
