BlackRock Caught RED HANDED!! Crypto WARNING!!

On Bitcoin

Guest Crypto Matthew · not counted as Altcoin Daily's view.

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• Next months (next 2–6 months): Expects down (timeframe is our reading): I actually believe that this 60k low will not hold, even though we can rally even as high as like $80,000. ▶ 00:26
• This cycle (next 6–18 months): Leans up (timeframe is our reading): if you have a great entry from the bear market bottoms, which I think we will establish this year, it allows you to ride the wave up relatively stress-free ▶ 16:10

Levels named

• 80k: Resistance (Bear market relief rallies like this have happened before): I actually believe that this 60k low will not hold, even though we can rally even as high as like $80,000. ▶ 00:26
• 60k: Support, expected to break (Prior cycles dropped about 75% from the top and the pattern is repeating): I actually believe that this 60k low will not hold, even though we can rally even as high as like $80,000. ▶ 00:26
• 50k: Target (A 50% drawdown isn't enough given historical drops of over 75%): Sub-50k, I think is not unreasonable for Bitcoin. ▶ 20:40

Their own position: Short. I have been shorting Bitcoin, but I am still a long-term bull.