#BTC WENT EXACTLY AS THE HIGHLIGHTED POSSIBILITY WAS ENVISIONED
Here's our updated #BTC possible price action after it got rejected 6 times thrice at 61K, once at 62K and twice at 65K.
Such high rejection could cause the price to plummet.
This fact also coincides with our GMR strategy where the altcoins have already reached high impulsive upward movements. Knowing this, the possibility that the rejection would occur with immense impulsive wave towards the lower key levels would support the fact.
Now, most likely almost everyone in the market would also verify these factors and eventually lead to the whole market corresponding with this price action vision.
To further support the fact that we've provided, you may also use this descending channel as a reference.
If the price breaks down from 53K-55K, the analysis that we've provided before where we can see the $30K-$40K price range as the catalyst for altcoins to rise will be possible.
Stay wise, trade cautiously.
