I use a mathematically and scientifically proven comprehensive technical analysis of bitcoin's price to arrive at my conclusions, and it is unequivocally clear that the underlying fundamentals point to a continuing collapse, especially in light of the macro environment. But setting that aside, the exponential history of the price, as measured by the differential dy/dx = ky^2, combined with its high volatility, alone suggests a very high risk of a terminal trajectory. This is further compounded by its beta coefficient, which is indicative of its sensitivity to market changes (β = (σxy) / (σx * σy)). Finally, bitcoin's Sharpe ratio is in the red, plainly implying its risk-adjusted returns are negative (Sr = (μp - rf) / σp). All of this, and more, leads to an undeniable conclusion that bitcoin is collapsing, has failed, and will eventually go below $1,000, which is the price level at which the key indicators begin to normalize. Hope this helps.