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.
They're all investing for profit, from Wall Street to corporations. I don't expect any of them to hold for many years.
They don't have a micro-strategy plan, and they're solely focused on profit. The bear market is in the future.
The current news seems like nonsense to me. We might see a further rise in the winter, and a new record might be broken. Then the bear market will come, and we might return to the figures you mentioned.