Coin Bureau: BTC will fall to $58,000

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

just need to throw that   in there. Another cat amongst the pigeons,  right? Yeah. Um, and in terms of price action,   quickly on the weekly chart, I got a quick chart  to show you on the weekly. This is uh the sixth   week in a row where we've had a negative week, you  know, negative close on the week, unfortunately.   And we also closed last week below the 200E  exponential moving average which shows that   momentum is unfortunately not on our side on the  weekly. And it seems as if that 200 week um move   simple moving average which we've been pointing to  for the past few months now is going to be where   uh we could potentially bottom where Bitcoin is  heading. So keep that level in in check guys is   about 58k right now. And then on the daily, this  is interesting. Uh we could be going to some sort   of a breakout. Uh now we've had a few of these  breaks lower uh in the past few few weeks. We   had that bare flag last week where we broke lower  and now we're at a place where we going into the   symmetrical triangle where we could have a break.  Uh it'll be interesting to see whether we break   lower and continue the the downward p the downward  momentum and continuation of that trend

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