October Crisis - Bitcoin will drop to 50K!
Bitcoin recently completed a harmonic pattern near the 66,500 level.
The initial price reaction was positive, increasing the likelihood of the beginning of a bearish movement. This harmonic pattern adds more weight to the bearish scenario we are considering.
However, from a different perspective, BTC has been making significant upward and downward moves. When we refer to past movements, BTC is currently in a similar area.
I am looking for profit-taking opportunities near strong zones where the price has previously reacted, specifically around 60760; 57800; and 55200. And 52600, and finally 50,000
The initial price reaction was positive, increasing the likelihood of the beginning of a bearish movement. This harmonic pattern adds more weight to the bearish scenario we are considering.
However, from a different perspective, BTC has been making significant upward and downward moves. When we refer to past movements, BTC is currently in a similar area.
I am looking for profit-taking opportunities near strong zones where the price has previously reacted, specifically around 60760; 57800; and 55200. And 52600, and finally 50,000
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