📈 Two Possible Paths for Bitcoin Right Now! 📉
Bitcoin (BTC) is reaching a critical decision point, with two possible scenarios for the coming weeks:
Scenario 1 (Most Likely - 60% Chance):
BTC recently broke out from a lower trading channel and entered a higher parallel channel. According to technical analysis, after a breakout, the price often pulls back to test the lower edge of the new channel. For BTC, this would mean a potential drop to the $68K-$70K range to confirm support before it continues climbing. BTC is currently hovering at the upper line ($81K-$82K) of this new channel. This makes a short-term rejection likely, potentially signaling an upcoming correction.
Scenario 2 (Less Likely - 40% Chance):
If BTC breaks out of the new channel without a pullback, it could shoot up to the $100K level. While exciting, this scenario seems less probable since a correction would typically occur after such a breakout.
💭 My Opinion: Scenario 1 is more likely, as a correction often precedes a continued uptrend.
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🚀 BounceBit’s Vision for CeDeFi
As CeDeFi grows, BounceBit is leading the way by merging the best of centralized and decentralized finance. With advancements in security, yield options, and cross-chain compatibility, BounceBit is setting a new standard in the financial ecosystem.$BB feel free to ask any question
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