BTC - Worst Case Scenario - Bearish
If we look at the worst-case scenario for BTC, it would be to measure the potential maximum drop from this short term bear flag/rising wedge based on the depth of the opening of the pattern- we would see around 35% drop. This will land us at the next lower support, ranging between 25k and 23k.
I personally feel this scenario is unlikely, but we have to consider that a MM might not want to let the opportunity pass to potentially drive the market down while fear is still high and hands are growing weak. I think there is conflict between groups of MM and whales, some who want to see the bull market continuation and others who want to dump it more for cheaper Bitcoin.
I personally feel this scenario is unlikely, but we have to consider that a MM might not want to let the opportunity pass to potentially drive the market down while fear is still high and hands are growing weak. I think there is conflict between groups of MM and whales, some who want to see the bull market continuation and others who want to dump it more for cheaper Bitcoin.
Penafian
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