🚨🚨🚨 BTC Price Prediction: Drop to $60,000 🚨🚨🚨
Current BTC Price: $64,000
Based on recent analysis, BTC is expected to drop to $60,600. Here's a detailed breakdown:
Recent Rejection and Predicted Drop
Yesterday, BTC failed to close above $64,800 and is now predicted to drop to $60,600. This expectation is due to two main reasons:
1. Inverse Head and Shoulders Pattern:
- BTC is currently forming an inverse head and shoulders pattern.
- The right shoulder is developing, suggesting a drop to the $60,600 area (not an exact price).
- After reaching this area, further analysis will be needed to determine if a bullish pattern forms, potentially signaling a pump.
2. Break of 1-Hour Support Trend Line:
- BTC has broken its 1-hour support trend line, indicating a retracement to the $61,000 area.
Action Plan:
- Sell BTC at $63,800: As advised in the previous update, selling BTC at $63,800 was recommended.
- **Wait for Confirmation**: If BTC closes an 8-hour candle above $64,800, consider buying again. Otherwise, wait for a correction and target a buy around the $60,000 level.
Altcoins:
- Hold Your Altcoins: Do not sell your altcoins. Hold them tightly and wait for the next pump.
Stay updated and follow the market trends closely.
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