That moment, when Persian Gulf hot wars (over oil, at bottom) flared again… spot Bitcoin crashed to around ~$3,000 before recovering.
This time, once again, all of the chaos of Trump is in high dudgeon, roiling the markets. Moreover, a “Wag the Dog” scenario is no longer purely (Epstein) fiction -- with a burgeoning potential for oil well-wars (underway) in the Persian Gulf (again), spot Bitcoin will fall below $60,000, next week -- almost to a certainty.
And. . . Riot Platforms will announce Q4 and a full year ‘25 — of staggering losses Monday night of next week — into all of this bad news. . . [hilariously prodigious timing there, kids!]
Here’s CoinDesk, on the latest full-on “Vulture Scenario” like 03.2019 (Syria, Pakistan & Afganistan that time):
. . .In mid-November 2018, CoinDesk discussed a bearish flip in long-term averages on a chart that bundles three days of price action into each candle. It warned that a similar occurrence in 2014 deepened the bear market and, within a week, bitcoin crashed to under $4,500 from $6,000, extending the decline from the peak of roughly $20,000.
Cut to April 2022. The same pattern occurred, with the same result. BTC's bear market deepened and prices cratered to $17,500 from $32,000, having already dropped from the late 2021 record of nearly $70,000.
Now, the pattern's back again (check the Technical Analysis section). While past performance is not a guarantee of future results, history calls for caution. Some savvy traders are preparing for a deeper crash below $60,000. . . .
Now you know — do buckle up — for Monday night blood-letting at Riot, too.
नमस्ते
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