As opposed to the gospel 98K forecasted by PlanB, our own technical analysis suggests that Bitcoin is "actually" headed for its regional support at 51K over the near-term. If support holds, a bounce to 62K could materialize over the next 2-3 weeks. Good luck!
Not
The time taken for BTC to test the 51K support region is longer than anticipated. The updated chart below has extended that timeframe so it should be easier for you to read. We are still expecting 51K because the fundamentals have not changed.
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