And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?
Bitcoin actually did go below $90k down to $89k+, but we did not see the price drop down below $80k down to $75k as predicted. All this is just speculation and prediction, which we should treat as such.
Sometimes it happens as predicted based on the factors fuelling such speculation, but this time around we are already on $102k, and with Trump's inauguration fast approaching, I think the market will still be on the positive side for the main time, and even if it doesn’t, the price can only drop but won’t drop up to the extent that it will be considered a crash as they title it.