Bitcoin Update: Warning of a Potential Crash!

Bitcoin has been ranging around the 98K level for about 90 days. Fractals show strength, but I see another potential move incoming, though with a low probability. In this scenario, we can expect a quick shakeout in the market, where BTC price drops in a 17% shadow down to $80K, followed by a flash recovery to the starting point of this move, continuing toward new highs along with the fractal demonstrated on the chart, with the ultimate target of $150K, in my opinion.

Overall, there is little concern about this scenario since it has a very low probability, but to be cautious, it’s better to manage our risks.

The main scenario in my mind is still my previous analysis based on its fractal, and I remain bullish.