As opposed to the gospel $98K forecasted by PlanB, our own technical analysis suggests that Bitcoin is "actually" headed for its regional support at $51K over the near-term. If support holds, a bounce to $62K could materialize over the next 2-3 weeks. Good luck!
Comment:
The time taken for BTC to test the $51K support region is longer than anticipated. The updated chart below has extended that timeframe so it should be easier for you to read. We are still expecting $51K because the fundamentals have not changed.
