This is a highly speculative scenario, but one worth considering: a potential major Bitcoin crash bringing the price down to the $100,000 range and below.
Observations:
The current macroeconomic climate, could be contributing to a significant shift in market sentiment. A breakdown below key support levels at mention specific price levels, $103,000 could trigger a cascade of sell orders. The psychological impact of breaking the important 100,000 mark could further accelerate the decline.
This is a highly speculative scenario and may not play out. BTCUSDT
Disclaimer: This idea is for informational purposes only and should not be considered financial advice. I am not responsible for any losses incurred. Trading cryptocurrencies involves substantial risk.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.