Distribution (Bearish) Scenario - 6k then 60k then Zero
This chart is on the basis that this is still a Bear market, and that Bitcoin has topped for its lifetime.
In this case, we could see a drop to just above 6k, and a rally to 60k before finally dropping to 0 and getting phased out under Government ruling.
Do not consider this impossible as we have Central Bank Digital currencies and Bitcoin can be phased out entirely if the government decides so.
In this case, we could see a drop to just above 6k, and a rally to 60k before finally dropping to 0 and getting phased out under Government ruling.
Do not consider this impossible as we have Central Bank Digital currencies and Bitcoin can be phased out entirely if the government decides so.