#CRASH ALERT!! 🚨🚨🚨 $BTC PLUMMETS FROM $64,000 TO $62,000 - BRACE FOR IMPACT AS A MAJOR DOWNTURN TO $54K LOOMS AHEAD.

Despite signs of a potential surge yesterday, Bitcoin took a sharp nosedive. As I've reiterated numerous times, bullish sentiments were misguided, dismissing the impending correction. Let's delve into the analysis once more:

1: $BTC is significantly overbought on the weekly RSI, necessitating a correction before any surge to $80k can materialize.

2: Recent activity saw Bitcoin breaking a trend line on the daily timeframe, retracing from its peak at $67k.

3: A fair value gap at $54k awaits filling, a phenomenon markets tend to rectify sooner rather than later.

4: Bullish momentum fizzled as the weekly candle failed to close above the 2021 high of $66k, initiating a downward spiral.

Currently teetering on the $61,800 support level, Bitcoin faces imminent peril. The support zone at $60k, having been tested numerous times in the past, lacks the resilience to stave off a prolonged downturn. Prepare for a crash, refrain from long trades, and anticipate the opportunity to buy the dip. (This analysis reflects my perspective; always conduct your own research.)#Megadrop #BullorBear #BTC #bitcoin #Memecoins