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Bitcoin Crash 2021: Moon Or Doom? Take A Look At These Charts

Jul. 08, 2021 12:14 PM ETBitcoin USD (BTC-USD)112 Comments
Clem Chambers profile picture
Clem Chambers


  • I expect Bitcoin to break down soon and settle below $20,000.
  • However, you can also make a bull case from the charts. Examine both viewpoints before making up your mind.
  • From a TA perspective, bulls expect the current chart development to turn into the classic W form.
  • If you're a bear but Bitcoin starts to rally, jump on DeFi with lower exposure where you can catch the upside beta without the capital risk of going all in.
  • It's a trader's paradise, but noise trading is an extremely difficult and costly game and an easy environment to dissipate your capital.

Bitcoin crypto bear and bull market concept
24K-Production/iStock Editorial via Getty Images

As anyone who has read my recent Seeking Alpha articles will know, I am a bear and expecting Bitcoin to end up below $20,000 with a crash low anywhere between $8,000 and $13,000.


This article was written by

Clem Chambers profile picture
Clem Chambers is CEO of Online Blockchain plc, a leading UK-listed blockchain research and development incubator. He is also the founder and former CEO of global stocks, shares and crypto information website ADVFN.com and author of Amazon No.1 Bestseller 101 Ways to Pick Stock Market Winners and Trading Cryptocurrencies: A Beginner’s Guide. A prolific financial writer, Chambers has written for many of the world’s leading financial titles and won Journalist of the Year in the Business Market Commentary category in the State Street U.K. Institutional Press Awards in 2018. Clem has a history of calling the markets early. Chambers is also General Partner of Ylem Capital: clem@ylem.capital

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I have incidental amounts of BTC, Ethereum and a host of other coins, tokens and NFTs. I am not short of any crypto at all.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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