Coin Bureau: BTC will fall to $38,000

The window it was checked over

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

inflows into the spot Bitcoin ETFs yet is because it takes time for asset managers and investment advisers to do due diligence on new ETFs and then offer them to clients in other words there will likely come a point where the inflows from tradire investors will exceed the outflows from gbtc and the selling pressure from BTC Wales this will likely occur regardless since all the gbtc holders and BTC whales will eventually run out of assets to sell all while trafi keeps buying in the short term though there's no question that this is dragging down btc's price as you can see BTC is looking very weak on the daily chart it's sitting around a critical zone of resistance of roughly 42k and could crash down to 38k in the coming days note that long liquidations could take BTC lower zooming out to the weekly suggests that BTC could fall as low as 35k you'll notice that this is where the Ballinger band moving average is on this time frame and that it has been very accurate at noting when BTC is in a bull phase or a bare phase so long as BTC is above this level the bull can continues alternatively BTC could Bounce from this level and retest the Ballinger band moving average from below a move to roughly

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