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BTC BEARISH CHART
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I am looking at a bearish situation where ETFs are rejected with no drop in inflation/ end in war etc. Call this "Mike's Mission to Mayhem".
The RSI is coming down
No new liquidity (ETFs)
Hawkish Fed
Inflation sneaking back up
I can see a $20k BTC. This is my WORST case scenario. We (as always) have multiple options including ETF approval/Whale being announced as someone like Blackrock etc.
I will post my positive chart in a few days but this is my accumulation zone.