Crypto prices have been hit hard lately. Here’s what I think will happen next.
Well it finally happened and those that follow me will have probably become bored of me droning on about the bitcoin crash and how it would be good value below $20,000, all the while it traded between $40,000 and $60,000. As I write this it is $20,181. I’ve been drawing the following chart for months. This was a recent incarnation:
But you will see the development of this idea here on Forbes amongst my postings, including the same theme on the U.S. stock markets. Well all that doomster-ism has come to pass, but I’m not happy or gloating, I’m instead trying to define what happens next. That’s tricky because this is near the terminus of this crash and it’s easier to call a bear on an overheated market than get the absolute bottom.
