Richard Collins

Fauci invokes the 5th Amendment during the Senate hearing on the origins of COVID-19, refusing to answer questions from Congress.

Bitcoin is not safe here. The whole time it is under $66,000, there is a clear pathway to the Realised Cap at $54,000, The consolidation under $66,000 only becomes a deviation once Bitcoin has reclaimed that level again. If it does not reclaim, then it becomes a potential bearish consolidation that leads to deeper lows. With the current corrective price action, this cannot be ruled out as impossible. There are a few key things to note however. This bottoming structure is almost identical to 2022. And we were correctively moving back then also, with a very similar weekly candle to what we are getting right now. That candle and the weeks that followed sent the timeline into a massive "$12k is coming" frenzy... But it did not come, and Bitcoin began impulsing out of thin air. We also had a bullish divergence, and the same percentage of coins sitting in a loss. In 2022 we spent 10 weeks below $18,000. Right now, we are 7 weeks since we tagged below $60,000. The similarities are uncanny. BUT... for all of this to confirm Bitcoin must get back above $66,000 on the weekly. We can have all the data we want... but price is King. Reclaim $66,000... we're going higher. Lose $58,000.... $54,000 will come fast. Fun fact: If by a low chance, imo, we do get $54,000... That will be at Quantile level 1. That is the lowest reading and it means that Bitcoin, averagely, would be higher than that price 99% of the time moving forward. That is Deep DEEP value. I don't think it happens.