Bitcoin and the US stock market are both about to have a major correction very soon! I'm expecting bitcoin to crash at least 80% dropping the price of btc to around $10k.
The US dollar has been pushing up and as we all should know by now bitcoin is a hedge against the DXY. The entire 2021 bitcoin bull run is nothing more than a huge bull trap.
We are about to enter a 2021- 2022 bitcoin bear market. We are forming a bearish head and shoulders for the price of bitcoin which could cause price to pump no more than $53k to form our right shoulder.
Once this pattern breaks we will be breaking below a key bitcoin support level that will cause bitcoin price to start crashing which is the bitcoin bear case.
The stock market and bitcoin are both in a bubble that is about to pop. Our last crash was not because of Covid-19, that was just an excuse to crash the markets and dump on retail. The second black swan event is about to take place giving market makers, whales and institutional money another reason to crash the markets.
My bitcoin price analysis and chart prediction shows bitcoin is in a bubble and the 2021 bitcoin bubble is about to pop and start crashing in about 15 days.
There is no super bitcoin hyper cycle! If you think btc will continue pumping to the moon, I have bad news for you!