today's rejection at around 13.2K reinforces the upper trendline of a downward channel starting at the 2018 ATH. The fractal is from the price action just prior to the dip end of 2018 and after. The fractal is just for illustration.
My argument for the crash to 2K, is based on the inorganic exponential growth of the BTC price. This exponential growth results from the purchasing of BTC with Tether which is printed out of thin air. One of the stellar advantage of BTC is that it cannot be inflated by itself because of the finite numbers of BTC. But the purchasing of BTC with worthless tether, which supply can be increased at will, causes an indirect hyperinflation of the BTC price which results in a bubble and its inevitable collapse .
My argument for the crash to 2K, is based on the inorganic exponential growth of the BTC price. This exponential growth results from the purchasing of BTC with Tether which is printed out of thin air. One of the stellar advantage of BTC is that it cannot be inflated by itself because of the finite numbers of BTC. But the purchasing of BTC with worthless tether, which supply can be increased at will, causes an indirect hyperinflation of the BTC price which results in a bubble and its inevitable collapse .
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