#BTC Update
Last night, we witnessed a breakdown from the $63,500 trend line, with the price dropping to $62,300 before bouncing back. Currently, the price is attempting to break out from the crucial $63,500 level once again. This presents two possible scenarios:
Scenario 1:
A bounce from here to $67,000, followed by a breakout to new all-time highs of $72,000 and $83,000.
Scenario 2:
A bounce to $67,000 as part of a Wave B correction, followed by another leg down to $60,000 as Wave C.
In both scenarios, $67,000 is the next target. However, I believe the primary scenario has a higher likelihood of occurring.
