BTC to 13k - the descending fib channel theory

You should always have a bearish case. This is a bit weak to be honest, but some cool confluences with fib channels (notice that the previous cycle highs top out at the previous cycle's 38.2) and fib time get you to a 13k bottom next year. Fits with an early S&P Bear scenario too.
Beyond Technical AnalysisChart PatternsTrend Analysis

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