Since my last post in November, Bitcoin has dropped about $28000. I actually posted it even before November in another topic. So there was plenty of time to get out of the way of this big drop. And everything I said in my previous post still remains true. For example, not a single penny has ever been spent on a so-called Bitcoin Reserve.
There is a new chart pattern though, which if I'm correct, will see Bitcoin fall down to
$35000! There is a Head & Shoulders pattern with good clarity on the
reliable weekly time frame chart.
Bitcoin is currently testing the neckline support of this pattern. So it's too early to tell, but when combined with the long-term logarithmic chart I posted before, the outcome becomes clear. It is very probable that the neckline support will fail. The target is a measured move from the top of the head to the neckline. I expect the target to be reached in 2026.
The signs are everywhere, but unfortunately many suckers will believe all the lies and hype out there and will ride this the whole way down!
