Bitcoin is in a downtrend and is also in a Falling Wedge pattern.
If we draw Fibonacci from point B to point C, the golden ratio of Fibonacci will be 308000.
Also, if we draw Fibonacci from point A to point C, the golden ratio of Fibonacci becomes 27111.
In my opinion, the maximum bitcoin drop will be up to 27,000 and will leave the Falling Wedge, and will continue its upward trend by hitting the bottom of the channel and breaking the Falling Wedge.
good luck.
If we draw Fibonacci from point B to point C, the golden ratio of Fibonacci will be 308000.
Also, if we draw Fibonacci from point A to point C, the golden ratio of Fibonacci becomes 27111.
In my opinion, the maximum bitcoin drop will be up to 27,000 and will leave the Falling Wedge, and will continue its upward trend by hitting the bottom of the channel and breaking the Falling Wedge.
good luck.
