Bitcoin will fall to 51k USD (or 41k CHF) in the next 4 weeks
Bitcoin / Swiss Franc KRAKEN:BTCCHF
- Last leg down of the bear market still pending, should come soon
- Bitcoin has a median return of around -7% in August
- Rejection from POC of the Range Volume Profile is extremely important this week
- COIN and MSTR look like they're about to fall off a cliff
- Breakdown from this 3 touch trendline is imminent
- Calculated move is to around 41k CHF. I use CHF instead of USD because it's a more stable currency to read the real Bitcoin movements.