Bitcoin Headed to $14k

19 באוג׳ 2022

That most likely concludes our mini bear market rally on BTC, which was very weak and very much carried by the ETH merge pump. There was no real bid on BTC aside from mean reversion and short squeeze. We will most likely take the next leg down to my cycle low target of ~14K in the next month or two, followed by a bottom forming ahead of the bottoming of equities.