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#BTCUpdate ๐
๐ Despite attempts to breach the $67k resistance, #Bitcoin took a nosedive, finding support around $63,500. Here's what's on the horizon:
๐ Scenarios
1๏ธโฃ Primary
A breakdown below the bear flag and $63,500 support may lead to revisiting the $61k support, possibly triggering a significant drop towards $54k.
2๏ธโฃ Secondary
A decisive breakout above $72k could confirm a bullish trend, targeting $73k and potentially soaring to $82k.
๐ Market Outlook
During this volatile period, it's wise to tread cautiously. If scenario one unfolds, expect a further -20% to -30% downturn in the altcoin market.
Stay informed and adapt your strategy accordingly! ๐ผ๐
#Trading #Investing #BTC_CRASH_UPDATE #bitcoin