BTC BITCOIN GOING TO $15K

20 Eki 2024

In this trend progression analysis, I track the movement of BTC across three key legs. Leg 1 began when the price closed above 6k, rallying up to 57k. Leg 2 then saw a retracement down to 16k. The start of Leg 3 was marked by BTC's failure to break below the 16k level, eventually reversing and initiating a downtrend once BTC closed below 68k. Currently, BTC has tested the 68k resistance three times, indicating weakness. I anticipate a further decline to 15k, potentially retesting the support from Leg 1. I hope this bearish scenario doesn’t play out.