Short đź’Ą Bulls will lose their houses
This idea is intentionally similar to our Ethereum idea ("Short đź’Ą End of Bullrun - Bulls Lose Their Life Savings").
We think that BTC will crash and drag down Ethereum, too, in the same setup.
đź”´ KEY POINTS:
- Momentum pushed Price Action to Resistance Line (red line on the chart)
- Double Resistance: Here, the Resistance Line coincides with a Historic Resistance Area from historic tops (red area/zone on the chart)
- Next Support Zone (green area/zone on the chart) is 10k below the actual price
So, our AI thinks that BTC will crash to $31700.