Technical analysis by Sinex about Symbol BTC: Sell recommendation (12/16/2024)

BTC A line of code that costs $107,000 American dollars. All I see is exuberance and the same jeering and laughing emojis when I mentioned TSLA was too expensive in other forums. The same mood. The same hubris. A line of code costs 107k. It was going to change the world, my coder friends said to me. It changed nothing, just a new "hype." And those come every 10 years or so. Good luck everyone.Moving along well. All the best.I am holding short. Remember every 10 years or so it is a "new it girl" and every time most think it will be different this time. I suspect BTC will not recover for a long time to come and possibly lose like in 1929 up to 89% of its value from109k (remember I posted a target of 107k off by 2k!!!) giving us a target of $11990 but this at this point, this is just speculation. All I know is I got this top right, where moon boys were calling for 200k 250k, 1mill. So insane!!! Going forward I suspect AI and Quantum computing will become the new "it girls" and the process will begin again!!! Good luck everyone.