Why I'm Betting Against Bitcoin: Signs Point to a Downturn

Bitcoin has been on a run in recent months. However, with the Ichimoku Cloud, we are seeing signs of potential resistance coming up in the near future. This suggests that a correction or even lower lows could be on the horizon for the popular cryptocurrency.

According to my analysis, Bitcoin has about 3 ,000 left of price to the upside before it reaches this resistance level. Once it hits this point, we could see a significant pullback in price as investors take profits and the market adjusts. While this doesn't necessarily mean the end of Bitcoin's long-term potential, it does suggest that investors should be cautious and consider taking some profits off the table to mitigate potential losses.