If Bitcoin fails to break its lower high structure due to labor market weakness, it is predicted to fall to its 100-week moving average, potentially around $42,000, by December 2024.
"if Bitcoin cannot break the lower high structure because of the labor market weakness not I'm not saying recession right I'm just saying weakness in the labor market if it can't break through the lower high structure and the Bulls just get tired once again then I think your eyes have to be drawn to the 100 we moving average which is where Bitcoin fell in Q4 of 2024 or sorry Q4 2019 and q1 sorry q1 of of 2016... if it takes until December then that would put the price of Bitcoin would get a price label it would put the price of Bitcoin right around $42,000"