Flawed economic model and price halving
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:
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.
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.
Note
BTC has just broken down the wedge. We'll see if there's a retest, though <6k is likely very soon
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.