Bitcoin to Zero??
The current 100% projection of the head and shoulders top pattern in Bitcoin takes the price below zero. Former trendline resistance, now support, also hits zero in 2023. In my opinion, the only way this can happen is if Bitcoin is somehow made illegal. I ultimately believed Bitcoin would hit $1 Million, but the current price action has some dire things to say about the future of this asset. Not trying to upset people, just pointing out the technicals. I am not short bitcoin and do not plan to short.
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.