Breaking

Bitcoin holds $80K into weekly close as traders say BTC price dip not yet over Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns Crypto Firms Race to ‘Quantum-Proof’ Wallets Before Bitcoin, Ethereum Networks Catch Up Bitcoin funds capture $700 million as institutions place their bets

Trading View May 6, 2022

Bitcoin to Zero??

Bitcoin to Zero??

Bitcoin to Zero??

BTC/USD COINBASE:BTCUSD

DuncanParker

The current 100% projection of the head and shoulders top pattern in Bitcoin takes the price below zero. Former trendline resistance, now support, also hits zero in 2023. In my opinion, the only way this can happen is if Bitcoin is somehow made illegal. I ultimately believed Bitcoin would hit $1 Million, but the current price action has some dire things to say about the future of this asset. Not trying to upset people, just pointing out the technicals. I am not short bitcoin and do not plan to short.

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