Bitcoin Analog

Bitcoin technical patterns currently mirror the June 2022 crash, suggesting a significant price drop is imminent.

kanchanara-rhm7H8X5J98-unsplash.jpg

Photo by Kanchanara on Unsplash

I am bearish on Bitcoin (obviously) but have been wondering when the big break is going to come. I think I may have stumbled upon a clue, by way of this layered chart.

image.png

Specifically, we seem to be at approximately the equivalent of June 1, 2022 (left arrow) right now (right arrow). If this is so, Bitcoin could resume its serious price degradation in the very near future.

image.png

I’m “flat” crypto-wise right now, so I hope I get the chance to get in before the fun begins!

STOCKS IN THIS ARTICLE

Comments