Bitcoin News

Bitcoin prices are very high, and I don't have much money to invest. I only have low-value coins.

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!

Morgan Stanley launched a Bitcoin ETF which supposedly has lower fees than the others.  There could be major inflows of capital into this in the coming months which could drive the BTC price higher.

If a large inflow into the ETF does occur, demand for Bitcoin could indirectly increase. For example, in spot ETFs, fund managers typically have to purchase Bitcoin as the underlying asset, so this increased demand could drive the price up. Furthermore, the involvement of large institutions often boosts market confidence, which can fuel broader bullish sentiment.

Supposedly, Iran is charging fees for ships to be able to travel in the strait of Hormuz. They are accepting USDT and Bitcoin. If this news is true then I think that will be huge for Bitcoin, especially if other countries start using it for transactions.

If Bitcoin were truly used in large-scale transactions, such as global oil trade routes, this could create a significant use case at the sovereign level. Some analysis even suggests that this scenario could significantly increase demand for Bitcoin, as it would be used for real payments, not just speculation.