Is Bitcoin just a giant bubble and is it ready to fail?
Its hard to say where bitcoin will end upp in the future.. But if you have been in the trading space for a while you can clearly tell that the
BTC chart look like a giant buble. We will look at the weekly chart in this analysis to get a bigger picture. History ussaly repeat itself and i have seen many Bubble charts and it does not end well.. as much as i want bitcoin to succeed i cant ignore the chart.. If you compare it to the most similar bubble chart you can clearly see that it has it similarities. And Peopel are screaming for Alt season the alts looks even worse than bitcoin.. You can tell that many are still in denial and emotional About the crypto space... Dont get me wrong i do really want bitcoin to succeed but the last bubble was diffrent and allot bigger than the past ones. Is it ever gonna go above ATH? well... i cant predict the future but i can compare it to similiar bubble charts and try to se where we are at the momment. If you look at the bio path holdings chart (BPTH) it looks extremly similiar to the BTC chart during the 2013/2014 bubble And it looks like this is the last pump before the big crash. Usally bubbles retrace 100% so if bitcoin will retrace 100% we will be back at 1200/1500 at some point.