Bitcoin Targets $40K If This Pattern Completes. Tim Knight Has the Measured Move

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alexnet
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Crypto is the only asset class still reliably bearish, and Tim Knight says it has been that way for eight months. While the Dow and Nasdaq print lifetime highs and his shorts get squeezed everywhere else, Bitcoin keeps repeating the same setup: pattern, drop, pattern, drop. He has a measured move on BITI pointing to roughly 42, which would put Bitcoin near $40K.

Strategy gave back an 8% rally in 24 hours and is down nearly 7% today, with holdings reportedly exceeding its market cap, a huge negative enterprise value. STRC bumped its yield to 12% and ripped on Friday and Monday. ASST is the same story for Ethereum. The Trump family ABTC hit a new lifetime low. Plus EFA short with the gap stop, XLE head and shoulders breaking, and the SMH gap that is the last line for semiconductor bears.

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