Btc Long thoughts
Updated
The lower scenario would be healthier, but lethal for altcoin holders.
Comment
Since I was asked to give a better description, I will add some additional thoughts to my chart.The buy zone at approx. 60100 contains the bottom of the bullish flag (not drawn in) and would therefore represent a first correction scenario.
However, since the various heat maps of the major spot and derivatives exchanges show a lot of liquidity in the 58000 and 53000 range, it is very possible that the market will move towards these limit orders (next buy zone). This would be the second scenario which is already underway.
The worst case scenario would be a short consolidation at 53000 and then a big correction to around 44500 as already seen in 2021 and 2022 50% correction each.
If we have another 50% correction then we will see prices below 40k
about 36k.
What speaks against these strongly bearish numbers are new capital inflows from ETFs and institutions. The crypto market has changed and new players have entered.
we will see where we stand in the next few months :)
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