Bitcoin much like some of the names we've spoke about like CRWD and UPST is following a similar pattern and structure.
We are expecting some bullish activity to come in to bring Bitcoin back into the 35-37k range but ultimately heading back down to sub 20k is its next move.
18k+ to be exact.
We love Bitcoin & Crypto.. However in this Risk off environment and inflation running hot it will continue to act as a catalyst to drag cryptocurrencies down.
Note: We do have Bitcoin at a million dollars or more by year 2034/35. We will discuss more about our mid/long term outlook on BTC soon however we dont think 18k is the low or bottom of BTC.