$BTC has lost momentum in the past 4 days, especially since the failed break above $84k.
It's clearly looking weak, and while it does seem likely that it drops lower, it is worth noting that it is still at the very lowest dregs of the boundary, within a margin of error.
For example, if some "White Swan Event" occured (something good but unexpected), like Trump suddenly ending the war with Iran, I could see BTC pumping and staying afloat. I am just mentioning possibilities. Good not to rule anything out. That's my bull case lol.
I think right now, we should be prepared for anything, and that includes more downside, as BTC has clearly been weak-- especially the past 4 days. BTC could easily go to $76k. That seems to be the most likely path, but again, I wouldn't rule out anything, especially right before midterm elections when politicians are desperate for votes.
If you like my content feel free to VOTE for me. Thanks.
It's clearly looking weak, and while it does seem likely that it drops lower, it is worth noting that it is still at the very lowest dregs of the boundary, within a margin of error.
For example, if some "White Swan Event" occured (something good but unexpected), like Trump suddenly ending the war with Iran, I could see BTC pumping and staying afloat. I am just mentioning possibilities. Good not to rule anything out. That's my bull case lol.
I think right now, we should be prepared for anything, and that includes more downside, as BTC has clearly been weak-- especially the past 4 days. BTC could easily go to $76k. That seems to be the most likely path, but again, I wouldn't rule out anything, especially right before midterm elections when politicians are desperate for votes.
If you like my content feel free to VOTE for me. Thanks.
