You could call this the worst-case scenario for bitcoin:native 📉
Bitcoin tends to return to fill candles without wicks, and right now we have a candle like that at the $72,500 level.
So we could see a drop to this area first to fill it.
Then we have a similar candle at around $94,000, which could be the area Bitcoin heads
toward on the way up after the correction is over.
So the likely scenario is a drop to $72,500
followed by a rally toward $94,000, but it doesn’t necessarily have to play out that way.
$BTC
Bitcoin tends to return to fill candles without wicks, and right now we have a candle like that at the $72,500 level.
So we could see a drop to this area first to fill it.
Then we have a similar candle at around $94,000, which could be the area Bitcoin heads
toward on the way up after the correction is over.
So the likely scenario is a drop to $72,500
followed by a rally toward $94,000, but it doesn’t necessarily have to play out that way.
$BTC
