I told you $44.2k was an ideal point to short bitcoin and as you can see we dropped 6% from that resistance level. As I have been saying bitcoin follow the US stock market. The stock market is dropping and the DXY / US dollar is not at strong support and pumping. If the US dollar continues up expect bitcoin to continue to drop. We’ve already dropped over 36% from the all time high. Call it a crash or a slow bleed down, but bitcoin is headed much lower as I believe bitcoin has entered a 2022 bear market. The bitcoin bull run is over, there is no bitcoin bull cycle. The US Dollar is bullish and will continue up while the stock market is bearish and about to have a major correction. Bitcoin is in a bubble that has already popped.. Every bitcoin pump is just above bull trap to sucker in retail before a larger dump. My 2022 bitcoin prediction is still in play for targets as low as $19k if not crashing lower.
Website to access these live charts: https://opticalartcrypto.com
Why bitcoin will drop below $40k soon! the 2022 Bear Market https://youtu.be/JD30i19mvHE
#bitcoin #btc #bearmarket
This is not financial advice! these are only my views and opinions of where I think the market may be headed. Crypto Currency is a very risky asset, always do your own research before ever considering investing or making a trade.