Bitcoin Update: Bitcoin could go negative in 30-45 days, "DOOM LOOP" is forming in the markets!
* I am using the 1-Day Chart for Bitcoin, not a weekly as ststed in the video.
Bitcoin is forming a "Head & Shoulder" Pattern and if this plays out Bitcoin will potentially go negative in the next 30-45 days.
Bitcoin has already formed the Left Shoulder.
It should not get above $29,000.00 since it is hitting (2) major "Resistance" lines.
It now is forming the "Head", it will start to move to the "Neckline", which is under $20,000.
Then it will start to form the "Right Shoulder", which would be around $24,000-25,000.
Once it hits the Major "Resistance" Trend Line again it should then break down and could drop at the very bottom, possibly negative.
That would raise the question on which on the "Private" crytpo-currencies would survive.
We will see what happens as we move into May and the next rate decision, which would be May 3, 2023.
I believe June could be really bad and a potential move to a National Crypto-currency by as early as July of 2023.
Time is short.
Repent and get right with Jesus.
Jesus is the only open door to the creator.