BTC LIGHTS OUT, SUB 30KThis idea leans a bit more on speculation, but it is something that's crossed my mind recently.
Given the IMF practicing for cyber-attacks specifically aimed at the global financial system, it gives worry of a covid like crash that'll break support at 30k.
Not to mention how close the current price action is now resembling the price action of back in March 2020. Take a look at the trend line on the chart image below:
It is the single most important trend line to hold in order to ensure that the bull run continues . The same goes for the PoC, sitting around 46k. If we break it along w/ the white trendline, it's a wrap. BBWP indicator has confirmed the end of consolidation moving into volatility... that I believe will head to sub 30k levels.
Key lines of support and resistance are identical to the previous idea linked below.
The likelihood of this entire idea playing out to be invalidated would be if we break above the prev high near 52K.
Rip Grichka Bogdanoff, may your phone calls ring beyond the grave .
