BTC broke below our resistance area and rejected the 51K resistance level after the consolidation on may 14-15.
Looking at previous cycles, BTC will drop around 40% putting it at 38K.
This being said, I expect BTC to drop to 38-40k, which is a healthy correction, nothing to worry about in my opinion.
I don't think the bull run is over and BTC should easily bounce off 38-40k.
Have some USDT on the side to take advantage of this dip.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Looking at previous cycles, BTC will drop around 40% putting it at 38K.
This being said, I expect BTC to drop to 38-40k, which is a healthy correction, nothing to worry about in my opinion.
I don't think the bull run is over and BTC should easily bounce off 38-40k.
Have some USDT on the side to take advantage of this dip.
Any questions?
Good luck traders
Remember not to break your rules
Habib