BTC Bitcoin, Binance and the Crypto Collapse

After the Head and Shoulders scenario played out:

If you haven`t bought the BTC dip here:

Then you might have a chance to buy it lower soon!

CZ, Changpeng Zhao, stepped down as CEO of Binance, the biggest crypto exchange in the world, as part of a major $4.3 Billion settlement between United States agencies and the cryptocurrency exchange he founded.

“I made mistakes, and I must take responsibility,” Zhao wrote in a post to X (Twitter).

Binance allowed transactions associated with terrorist groups such as Hamas’ Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaida and ISIS, Treasury Secretary Janet Yellen said in a release, noting Binance “never filed a single suspicious activity report.”

Binance founder CZ released on $175M bail, faces 18-month prison term for money laundering.

Binance $4.3 billion settlement with the Department of Justice.

Where do you think they will come up with the money, if not from selling Bitcoin and especially BNB - of which CZ is the biggest holder?!

Two days ago the SEC Chargeed Kraken for Operating as an Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency.

I think this is just the beginning of the SEC lawsuits against the exchanges.

Hard to believe Bitcoin will receive an ETF approval after being used by terrorist groups such as Hamas’ Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaida and ISIS.

The chart pattern is also clear: we have a Double Top here.

Looking forward to read your opinion about it.