Bitcoin Chart Structure Bears Signs of Breakdown, Ran Neuner Warns

Ran Neuner, a well-known figure in the cryptocurrency space, has expressed concerns about Bitcoin's chart structure. In an interview with Scott Melker, he compared the current setup to the breakdown pattern that preceded the 2022 capitulation.

Neuner pointed out that Bitcoin is currently sitting inside a 'bear flag' that failed to resolve higher. He believes that if history repeats itself, Bitcoin could break down below this structure and fall to $40,000 or lower.

The concern is not only technical but also tied to the funding engine behind Saylor's purchases. Neuner argued that Strategy's ability to raise capital through STRC, a preferred-stock instrument, has become crucial in keeping Saylor's buying momentum going.