The calls for 40K $BTC look a bit premature.
You can be bearish without assuming the most extreme downside target is the most likely outcome.
Before Bitcoin even has a realistic shot at $40K, it would need to lose the $48K–$54K region, one of the strongest historical support zones on the chart. That area has acted as a major battleground for buyers and sellers over the past five years.
As long as that support remains intact across higher timeframes, there's no clear technical path to $40K.
Could BTC see more downside? Absolutely.
But a move to $40K would require significantly more structural breakdown than the market has shown so far, and expecting all of that to happen within the next three months seems unlikely.
#FOMCWatching
You can be bearish without assuming the most extreme downside target is the most likely outcome.
Before Bitcoin even has a realistic shot at $40K, it would need to lose the $48K–$54K region, one of the strongest historical support zones on the chart. That area has acted as a major battleground for buyers and sellers over the past five years.
As long as that support remains intact across higher timeframes, there's no clear technical path to $40K.
Could BTC see more downside? Absolutely.
But a move to $40K would require significantly more structural breakdown than the market has shown so far, and expecting all of that to happen within the next three months seems unlikely.
#FOMCWatching