As we are breaking down the question is, is this the beginning of a major breakdown? It could very well could be. As the globe enters into a recession the demand for fiat will increase pushing BTC down. How far down it goes is the question.
We can see that BTC still has an upward trendline in tact, a break of this will cause BTC to cascade down to 5k or lower depending on the velocity.
Be wary folks
-Sherem
We can see that BTC still has an upward trendline in tact, a break of this will cause BTC to cascade down to 5k or lower depending on the velocity.
Be wary folks
-Sherem
