BTC is currently making a large-scale double top. The formation is just a more drawn-out and massive version of what happened in 2017. Crypto and most equities as a whole are looking at a multi-week pullback here as some big news looks to be the catalyst for a larger scale meltdown.
The central banks cannot prop up the economy forever. At some point, the natural flow of economics has to take its course and the longer we manage to push it back, the worse it will become.
The central banks cannot prop up the economy forever. At some point, the natural flow of economics has to take its course and the longer we manage to push it back, the worse it will become.
Note
And somehow the recent BTC price action that sent it to 60k is even less organic than it was in 2017 
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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.