Bitcoin (and the entire Crypto Market) has seen a drop in price. BTC is currently seeing a fall similar to the one seen in May 2021. Taking a Bars Pattern, Bitcoin could see a drop down to 44-42k.
The R.S.I is also trending down, foreshadowing a continued decline, as seen in similar relative strength index patterns.
Taking a Bars Pattern (red bars)and condensing it slightly, BTC could reach 42-40k per Bitcoin sometime at the end of December 2021, or beginning of January 2022...after which a Bear Market is a possibility if price continues to decline any further. If Bitcoin does fall into a Bear Market, expect as low as 13-10k per BTC.
related Bitcoin published ideas linked below:
The R.S.I is also trending down, foreshadowing a continued decline, as seen in similar relative strength index patterns.
Taking a Bars Pattern (red bars)and condensing it slightly, BTC could reach 42-40k per Bitcoin sometime at the end of December 2021, or beginning of January 2022...after which a Bear Market is a possibility if price continues to decline any further. If Bitcoin does fall into a Bear Market, expect as low as 13-10k per BTC.
related Bitcoin published ideas linked below: