$BTC Bitcoin is dead
Target 64k, if it loses this support it will go to 61k and then 59k.
Daily timeframe
The momentum indicators indicate that there will be more declines where the strength index is less than 42 million, another indicator that converges with this is indicating negative at 12 thousand. Negative MACD; And macro indicators confirming that it is 0% bullish trend in the medium term and 57.14% bearish trend, besides that, another excellent indicator that measures false signals indicates neutrality(14:53), however another strength index that converges with this previous index is negative.
In other words
✅BTC continues in a bearish trend.
Information from some of the best traders
Analyzed the cycles and phases of BTC and projected a 70% drop where they mathematically calculated based only on previous cycles without verifying that recently BTC anticipated its drop by 6 months and moreover, did not include StableCoin projects in banks so,
if we consider this,
the calculation is from the following formula:
top - current price/top-bottom x 100= 54.46%.
Legend: top at 126k; bottom at 14k and current price 65k.
These 54.46% is what has already fallen currently.
To verify the % of the bottom we would have to check the supports desk = 59800/ 52k;
50/48.
The cycle classification involves 4 phases
➡️light pullback: from 10% to 25%;
➡️healthy correction: from 25% to 45%;
➡️deep correction: from 45% to 65%;
➡️trend reversal: from 65% to 75%.
So, we are in phase 3. It can still drop to or more than 65%. So, the calculation goes like this: top - price (?)/ top - bottom x 100 = 53200.
Legend: Top= 126k; bottom=14k; the price we do not know what it is.
In other words, mathematically,
✅The BTC bottom could hit 53200.
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What will be the bottom of BTC?
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