Bitcoin Target 60K - Here's why (...you should hedge now)

🔱 Bitcoin is behaving like a model student when it comes to the fork framework.

The first re-test at the white centerline, followed by a drop down to the red centerline, and then to the white lower median line parallel was already impressive. And the story isn’t over yet!

In the past days we’ve seen a re-test at the white L-MLH. Bitcoin failed to trade its way back into the fork. That leaves further price losses as the likely outcome.

The next targets are:

👉 the 1/4 level at around 76,000

👉 the white warning line at about 70K–72K

👉 the final move to the red L-MLH at around 60K

This decline would go hand in hand with continued sell-offs in the major indices like the Nasdaq and S&P 500. It would also support my previous post regarding a massive rise in TLT. (props to coinwideon T.V. for the heads-up!)

🚨 A hedge would be appropriate now, before the VIX ignites its rocket and option prices explode.

Wish you all the best out there!