This downward price trend in Bitcoin could be very damaging for global assets over the next few weeks and months. Speculation in Cryptos has become the new “tulip phase” for many investors throughout the world. What happens if Bitcoin collapses back below $20k? $15k? Even $10k?

Would investors still pile into Cryptos as a safe-haven asset if the bottom falls out of the markets?

I warned that Bitcoin would not find support until reaching the $36k level a few weeks ago. Now, the bottom seems to be falling out of the markets and Bitcoin may break below the $32.9k level – possibly even trying to move down to the DASHED support line. This critical lower support level , if broken, may be the end of any potential rally phase for quite a while.

Heads up. The markets are entering a revaluation phase and this new trend in Bitcoin may have quite a bit further to go before finding support.