BTC Update. Last week, I as very confident about BTC is dropping in middle term. these pictures is what im using as indicators, along with fibo and Elliot Wave count.

on pictures, there are white circle that crossing indicating that the trend is Bearish.

On 1 day chart already bearish last week , but the 4h and 2h still need to be crossed too for another confirmation. Today the 4h already had first rebound from SMA60, its very high chance that BTC must going down.

Does it have enough power to break the 60k line?

According to Elliot Wave theory , YES.

How far it will drop?

im using fibo to estimate. at least 56k, and most far is 51k.

happy hunting when it drop.