$BTC dump to $69k incoming?
Price still tracking 2023 PA almost perfectly. Both cycles showed explosive breakout → consolidation → second breakout → final range. Inside that range, lows swept first, then highs.
What's interesting: in 2023, $BTC dumped back toward previous ATH — roughly 20% correction.
Today: just swept current range highs, now selling off hard. Price approaching retest of previous range. Reaction here is crucial.
If $BTC finds acceptance below $81k, move toward range lows around $76k becomes likely. Lose that, next major target sits near previous ATH around $69k.
No panic. Still plenty of support before $69k. Honestly, a deeper pullback into that zone would be an incredible opportunity.
Price still tracking 2023 PA almost perfectly. Both cycles showed explosive breakout → consolidation → second breakout → final range. Inside that range, lows swept first, then highs.
What's interesting: in 2023, $BTC dumped back toward previous ATH — roughly 20% correction.
Today: just swept current range highs, now selling off hard. Price approaching retest of previous range. Reaction here is crucial.
If $BTC finds acceptance below $81k, move toward range lows around $76k becomes likely. Lose that, next major target sits near previous ATH around $69k.
No panic. Still plenty of support before $69k. Honestly, a deeper pullback into that zone would be an incredible opportunity.