Simpson predicts Bitcoin will eventually crash
2025-01-08
Category: None

We can see how the price broke through the resistance level a few minutes ago, which is in line with the seller area, and continues to move upwards.  The price rises to 108,300 points (new ATH) and then begins to fall in a triangle.  In a short period of time, BTC fell to the level of 101800, broke again, then tested again, after which it continued to fall.  Subsequently, the price fell to the support level, in line with the buy side area, then rebounded, but soon reversed course to the 93,400 level.  BTC then turned around and rose to the resistance line of the triangle, and then began to fall into the buy area.  After it reaches this area, the price trades for a while and then rebounds, thus exiting the triangle and continuing to grow on the pennant.  In a pennant pattern, Bitcoin rises to the seller zone, after which it turns and falls to the support line of the pattern.  Recently it bounced back, and now I expect BTC to drop a little more, even exit pennant, and then turn around and start growing.  For this example, I set TP to 99000 and then drop it twice