BitcoinShort
BTC Happy Halving fall?
Bitcoin halved! yay! What does that mean? It means the daily sell pressure is less but it also means that miners now need price to be at $14,000 to break even. Yuck. Do you think some will capitulate at this level like the last halving? I think it's likely.
How far down could we go? The last near term bottom was at $5,000 where major support is at. However if the market rolls over we would see BTC collapse in price and go to $2,000. Watch this channel to get an indication of where we start to go.
Be wary!
Cheers,
-Sherem
How far down could we go? The last near term bottom was at $5,000 where major support is at. However if the market rolls over we would see BTC collapse in price and go to $2,000. Watch this channel to get an indication of where we start to go.
Be wary!
Cheers,
-Sherem
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.