A very bad scenario for bitcoin in the next few months.
Despite the previous flat forecast, I do not rule out a sharp continuation of the fall right now to 10,000.
The reason - breakdown of a very long trend support line (blue line).
I'm almost sure that in this scenario, the drop can reach 8000. Don't let that scare you. This is normal, nothing can grow without significant corrections towards the middle of the previous accumulation zone (green rectangle). A lot of people talk about the minimum price around 15,000, as for me it is too easy a walk, we won’t even return to the middle of the previous zone.
The blue line is a strong trend, uncertainty promises a strong correction, something similar to March 2020.
Only this time it will be worse, since now the trend will be clearly broken, which will greatly scare away those who bought in the gray zone.
This does not mean that bitcoin is not rising, just that it may again become a good entry point.
The reason - breakdown of a very long trend support line (blue line).
I'm almost sure that in this scenario, the drop can reach 8000. Don't let that scare you. This is normal, nothing can grow without significant corrections towards the middle of the previous accumulation zone (green rectangle). A lot of people talk about the minimum price around 15,000, as for me it is too easy a walk, we won’t even return to the middle of the previous zone.
The blue line is a strong trend, uncertainty promises a strong correction, something similar to March 2020.
Only this time it will be worse, since now the trend will be clearly broken, which will greatly scare away those who bought in the gray zone.
This does not mean that bitcoin is not rising, just that it may again become a good entry point.
Comentarios:
This scenario needs to be kept in mind, but this may happen in a few months, and before that there will still be days of missed gains
