Harry Dent Predicts 90% Market Crash by 2026
- Market Crash Warning: Harry Dent forecasts the largest market crash in history to occur in 2026, predicting a 90% drop in the stock market, which could significantly undermine investor confidence following a prolonged super bubble.
- Bitcoin Risks: Dent anticipates Bitcoin could plummet to $15,600, highlighting the vulnerabilities of digital assets amid the impending market turmoil, prompting investors to reassess their portfolios.
- Bond Safety: Despite market disturbances, Dent views U.S. Treasury bonds as a relatively safe investment, contrasting with other economists' differing opinions on bond performance, which adds to market uncertainty.
- Historical Context Link: Dent associates the anticipated crash with the Great Depression, suggesting its impact will surpass past financial crises due to accumulated debt and extended asset bubbles, emphasizing the need for a reevaluation of future economic strategies.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36391.603 | 48195.801 | 61127.353 | 72931.551 | 85863.103 | 97667.301 | 110598.853 |
| Fibonacci | 48195.801 | 57644.858 | 63482.495 | 72931.551 | 82380.608 | 88218.245 | 97667.301 |
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