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WHAT NEXT FOR BTC? AFTER DROPPING FROM 109K TO 78k
Here is the uncommon unparalled insight you have been waiting for.
First off, to ensure you and me are on the same page, you can just check my previous posts about BTC predictions and bTC next moves especially at critical moments. I did this the whole of 2024. If you check my previous posts about BTC prediction, there is one common train you will notice, do you see it?
Thats right, the charts i use. They are exactly the same charts i have been using 6 to 8 months back. This is to show you that i had predicted this entire playout. And guess what, they are the exact same charts are gonna use today to predict for you as i have always done. The Crypto Dragon.
ALright, thats enough for intro lets get down to business, so the question thats ringing in everybody's mind is: WHATS NEXT FOR BTC?
IS IT A CRASH?
IS THE BULLRUN OVER?
Literally everybody is panicking, they dont know whats next and am here to clear all that confusion in the air.
BTC was in the channel of light blue, dancing between 40K to 60k on the upper side, then it brokeout of this channel, as you see on the upper side of the channel, it had some retest-which is a good thing. After finally breaking out of the first channel(the one in light blue) BTC flew all the way jumping 2 channels at ago. Now as a rule, once price breaks out of a channel it always has to retest it before continuing. But the powerful BTC, disrespected the second channel(that red line-around 78k to 83K) as you can see, it just pushed through it without literally any resistance, this was really formidable. It went all the way to another channel around 103k. Thats just background on how we started.
NOW why did BTC have to drop all the way to 78k?
To retest the second channel-the red channel( see that white price line of 78K). Now after retesting BTC is going up to the upper side.
So whats next for BTC, the big question in the room.
Now, that BTC has retested that red line(which it had earlier disrepected). Its now on the move up as you can see the wicks below.