It looks from the technical analysis of the BTC/USD trading charts over the last couple of months that a major crash to $24,000 is coming for the price of Bitcoin.
Bitcoin double topped at $40K, now it has double topped at $38K with the forceful rejection of 38K a couple hours ago.
I called for this drop to 24k once before and it has made a few significant falls but found temporary support at $30K for now.
The price trend now is downwards quick and I do not believe that $30K will hold as support on this next drop.
This is a big short opportunity for those who have the risk tolerance and boldness to do so.
Full Disclaimer: I have a short position in Bitcoin and am looking to start closing it around $26,700 and below.
