Flawed economic model and price halving

8 เม.ย. 2020

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:

• 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.

13 เม.ย. 2020

บันทึก

BTC has just broken down the wedge. We'll see if there's a retest, though <6k is likely very soon