As I warned my readers in my previous article, Bitcoin has collapsed ~50% since its 65k peak during the last 3 weeks.My target price for Bitcoin is 15k-20k during the next few weeks. The party is clearly over, and investors should consider liquidating anything related to Bitcoin or short it.Recent collapse proves that Bitcoin isn't a safe haven, store of value, or a hedge against inflation/market correction, but a speculative token that can go down 50% in a week.Bitcoin has exhausted its exotic catalysts and is under coordinated regulatory attack by governments around the world. At this point, I don't think there is anything that can save it from collapsing more.
