Trader: Bitcoin's recent trend is highly similar to the sharp decline in the U.S. stock market in 1930

Bitcoin trader PentarhUdi said that the trend in the U.S. stock market in 1930 was highly similar to the trend in bitcoin prices in recent weeks: "My bearish target is between $ 1800 and $ 2500. In this case, 200 moves per week The average line will be broken and formed resistance. It will take a lot of time and effort to break it and form a support. "PentarhUdi further emphasized that it is the concerns about global financial markets that have magnified the decline in investor interest in high-risk assets:" In the global In a financial panic, bitcoin prices are actively attacking the weekly SMA200 and the bottom triangle of the previous chart. This may not end as I think it is. The global market is extremely bearish. "