Bitcoin is getting ready to die. It will not survive. Call me crazy, call me a conspiracy theorist. I think the entire market will get shaken up by a black swan eVent, and people will have no choice with soaring inflation but being liquid for means of survival. I believe in many cryptos and that when regulations come this space will thrive in the next utility bull run, but bitcoin will NOT be a part of it.
Exchanges will go bankrupt, people will lose their net worths, stable coins will decouple, it will get very bad in Q4, I sense it.
Not only the socio-economic outlook is very bearish right now, but just by looking at the chart you can clearly see that Bitcoin has virtually no strong support until the 6-7K floor. It literally reminds me of a slow motion version of LUNA, if you look at the charts, the similarity is insane. This could go to as low as $1000 in my opinion by the end of the year, or early 2023.
Controversial opinion, but this is my outlook. People are really really underestimating how bad this is about to get. This is the end of the system as we know.
Exchanges will go bankrupt, people will lose their net worths, stable coins will decouple, it will get very bad in Q4, I sense it.
Not only the socio-economic outlook is very bearish right now, but just by looking at the chart you can clearly see that Bitcoin has virtually no strong support until the 6-7K floor. It literally reminds me of a slow motion version of LUNA, if you look at the charts, the similarity is insane. This could go to as low as $1000 in my opinion by the end of the year, or early 2023.
Controversial opinion, but this is my outlook. People are really really underestimating how bad this is about to get. This is the end of the system as we know.