BTC Entering the “Crush Stage” of the Downtrend.

A big downtrend usually comes in a few parts.

1 – The warning. A clear break from the highs but it’s overlooked because “Bears are always wrong” (Etc etc).

2 – The crash. Obvious failure of the uptrend. Unfortunately, this is when people often want to get all in because “It always goes back up” (Etc etc).

3 – The big trap. Usually a rally of somewhere in the 100% range which makes everyone think the new bull run is starting.

4 – The crush and re-crush. The new bull trap fails and sets up a prolonged downtrend.

Here are some forecasts very few people seem to have on their radar right now.

1 – BTC is making a high at 30K. 31K will not be broken. We will not see BTC over 31K any time in the coming years. Yes – I said years.

2 – The next big drop will take us to about 17K BTC.

3 – After a bull trap we’ll be in a consistent downtrend.

4 – Over the next 3-4 years BTC will trade under 10K. Probably close to 6K.

And this would complete the 2021 forecast.