IMO ..... A very slight risk ..... but still a possibility.
TSLA still has over $1 billion in BTC.
If Musk tweets about them cutting back on their holdings that could put more selling pressure on BTC.
Once again ....A very slight risk ..... but still a possibility.
All 4 key BTC charts look very bad.
5-day chart
1-month chart
6-month chart
1-year chart
2022 might be a rough year for BTC. Could go below $28,000 based on the 1-year chart.
The 2000 crash.
Looking at the QQQ chart the market didn't look good from 2000 to 2004.
And even a few years after the GOOG IPO the market was still sluggish.
Not looking good. Based on Yahoo Finance 1-year BTC chart:
Support level #1: $43,208.
Support level #2: $31,800
Support level #3: $23,477
As BTC hits each level then there will be lots of selling pressure to the next level.