We have discovered something which suggest that $20K seems inevitable. This chart is based on 4EMA’s on weekly.

First time bearish cross over happened was 3rd Sept 2018 and price dumped to over 56%

Second time this occurred in March 2020 (Covid Crash) and price dumped up to 55%

This is the 3rd time we are seeing this bearish cross over on weekly and lets say if we dump 50% from here then we are looking at sub $20k levels.

We also see the price breaking down from ascending channel which is another bad sign and to top it off we are close to a death cross on 3D chart so all of these confluences align with depressing bearish trend which can last up to 3 to 6 months or maybe a year but not more than this.

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