Bitcoin Bubble Bursting---Here's The Slippery Path To The Bottom

If that’s broken, the next support level would come down around $3,243, the low on September 14, 2017. That would be down 83.2% from the closing all-time high of $19,345. The next support level comes in at $1,975 on July 15, 2017. That would be a crash of 89.8% from the high… real bubble crash territory…

If it goes that far, it’s likely to go all the way back to the bubble origin of around $1,333 on April 27, 2017, with a 93.1% crash. That’s comparable to the dot-com bubble from 1999 into early 2000 – and the tulip bubble as well.

http://davidstockmanscontracorner.com/?p=187836&preview_id=187836&preview_nonce=794fc7c150&preview=true

 

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.