Bitcoin Update: Possible Scenarios

Bitcoin has been in consolidation mode for about 6 months, and now it's almost time to make a decisive move.

Considering the market structure, including the highs and lows, I expect BTC to make another low before heading towards a new ATH. We have two important main support levels at $44K and $37K, where the price could bounce back in case of a market crash in the upcoming month.

I find the scenario of support at $37K more probable than the other two scenarios:

• a bounce back from the $44K level
  

• or in a bullish scenario, breaking the last high at $70K to make new highs towards $100K

DYOR