Coin Bureau: BTC will fall to $59,000

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

seen after BTC hit a new all-time high suggests this isn't the case at least not yet rather these recent rejections suggest there's an enormous amount of Leverage in the crypto Market something that's underscored by usdt supp Supply likewise hitting new highs for context usd's primary demand driver is leverage trading when you see tether print 1 billion that tells you that Traders are taking on lots of Leverage so far most of the resulting volatility has been to the upside but it's possible that ETF investors will get their first taste of the downside risk in the coming days that's because BTC seems to be painting an ascending wedge pattern on The Daily a bare bearish pattern that could cause a drop to around 59k the catch is that all the leverage could cause BTC to drop a lot lower as all the Longs get liquidated depending on the Catalyst for this dip the drop could be temporary or longer lasting and as always there's no shortage of catalysts to choose from crypto regulations economic data inflation prints Etc now if you're planning on trading BTC through what's likely to be another volatile week then you can maximize your gains with the help of the coin Bureau deals page it's got trading

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