When you thought the blood bath was over, it just got worse.
Bitcoin hit a six-month low of $38,000, down by almost 40% since the all-time high.
#Bitcoin#BTC#cryptocurrency#Crypto
The shills @CNBC brings on to pump #Bitcoin claim investors should be invested for the long-term. But in the long-term Bitcoin's price will be zero. So you can't buy Bitcoin for the long term. At most you can buy it as a short-term speculation, but only if you get out in time!
Crypto prices 📉
As the 10-year US Treasury yield spiked earlier this week, rising rates have caused investors to shed their positions in riskier assets. Yields move opposite to prices. The FR indicated plans to taper bonds and raise interest rates. #BTC#Bitcoin#Ethereum#crash
#Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.