if i tell you bitcoin can go to 7K this is how.

Please note this will not happen but its still technically analysis to show how it will happen, last time GOLD ETF was approved gold drop a lot, currently Bitcoin is trading in a rising channel which normally break to the downside, if this month candle closed between 41700-42500 this will print a gravestone doji candle which is very bearish and bitcoin will be in big trouble.

A lot of bulls will be trying to hold 40k to 34K but this will not happen as the price target for the 4th wave down is around 7,000.00.

From this stage it will create a lower low on the bigger time frame and then move forward.

Please do not depend on this as its just a way how to show 7K