Might have more pain ahead but it's not over
Bitcoin might dip some more but it's not over
The price of bitcoin has been going down for a while now.
It's getting beaten up from many different sides.
We have the Mt. Gox distributions, we have governments dumping, and we have miners being forced out.
Add it all up and it might just be par for the course with where this chart pattern needed to go anways.
(Source: https://x.com/TheMoonCarl/status/1808935547462955179/photo/1)
This chart points to something in the $40k's before it's all said and done.
That seems perfectly reasonable to me at this point.
Hopefully it happens sooner rather and than later and we can be done with this nonsense.
Congratulations, your post has been upvoted by @upex with a 75.35% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex