Along with Fibonacci / harmonic patterns - and also using BTC past price action as a vector, this scenario seems plausible to me.
* at point C. in this harmonic pattern I don't think there will be a sudden drop in bitcoin price(at least any more than usual ;) *but rather a smooth consistent markdown.
This chart is an idea and should not be traded around.
***BTC could very well bounce at $41725 to proximal new highs e.g. $50k or higher - however I am posting this chart with more confidence in downward movement.
Good luck and best regards
* at point C. in this harmonic pattern I don't think there will be a sudden drop in bitcoin price(at least any more than usual ;) *but rather a smooth consistent markdown.
This chart is an idea and should not be traded around.
***BTC could very well bounce at $41725 to proximal new highs e.g. $50k or higher - however I am posting this chart with more confidence in downward movement.
Good luck and best regards