Yes, I know his theory - he's pretty consistent but starting to hedge a bit now - if we stay above $30.5ish then the bottom might be in - so he reckons. Of course bitcoin will do its thing and cause a mix of max pain/ frustration/ regret and peace as it tick tocks through the blocks.
Discussion
If we have an exchange go down something like that when we have the big retrace later on in the year. Then there's a possibility we can go down to 12K. But I say that's if a exchange goes insolvent.
Also if the stock market tanks btc must be dragged down as punters try to cover etc.
And who knows what new degeneracy will be revealed around the paper bitcoin market. Fun times ahead!