The problem with this guy is that he mixes a fact that would be more of a fundamental analysis, like this one, with his technical analysis. I would bet quite heavily that bitcoin will not fall to $50,000 as he predicts in one of his scenarios.
Anyone want to bet?
I don't know when the bear market will come but I believe it will happen in the future and once it happens bitcoin will be dumped and easily drop to 50k$-40k$.
Many would argue that since the government and Wall Street institutions are already in the market, they would never let the price of bitcoin drop that much because it would not be in their interest. But in my opinion, they are in the market for profit and there is no regulation to prevent them from dumping the market. So even if the 4 year cycle is broken and once the bear season comes, bitcoin will still be dumped as usual.