Is This Bitcoin’s Last Stand? The Case For and Against BTC's Future.

As a technician to the core, I can’t help but look at the below chart and think to myself, “That’s one way to be a store of value.” Ishares Bitcoin Trust ETF's (IBIT) price is flat over two years. But yes, I’m burying the lead there. Lots of gyrations to get to zero returns over that time. My assessment of this daily chart is simple. This might be Bitcoin’s (BTCUSD) last stand, in that if its price gets buried at the next level down ($30? Below $30?), it could take a long time to recover. More News from ...