$BTC A few weeks ago, I predicted that it would rise to 82-85-88K and then experience a strong downtrend back to the 65K zone. Currently, the price has hit the 82 mark and is retracing quite early compared to my initial expectations! (There are many issues and reasons for this, mainly due to the global football WC)!
Given the current state, the price is at the old buy zone from two months ago around 65K, coupled with an oversold condition on the 1H chart, so in the next 1-2 weeks, I predict sideways movement in the price range of 65-71K.
In the long run, I still believe that by the end of this year, BTC will recover from the bottom at 60K-65K, but the likelihood is only about 60%.
In the worst-case scenario, if it closes a candlestick below 65K in June - it might lead to another deeper drop to 53K-50K - the final support of this cycle (30% chance).
If it drops below 50K, consider it a year for selling salt! :)
Given the current state, the price is at the old buy zone from two months ago around 65K, coupled with an oversold condition on the 1H chart, so in the next 1-2 weeks, I predict sideways movement in the price range of 65-71K.
In the long run, I still believe that by the end of this year, BTC will recover from the bottom at 60K-65K, but the likelihood is only about 60%.
In the worst-case scenario, if it closes a candlestick below 65K in June - it might lead to another deeper drop to 53K-50K - the final support of this cycle (30% chance).
If it drops below 50K, consider it a year for selling salt! :)
