My most bearish Bitcoin chart - less likely IMO

٢٣ ديسمبر ٢٠٢٣

I have cleaned up a Bitcoin chart and made a technical analysis using FIB, volume profile and ABCD-pattern...📉

And that all with my most bearish glasses I have during that great #bullish time🥸

Here are the key takeaways🗝️
BTC has to break the POC at 47,555... the 50k mark and the final FIB resistance 78,60% to invalidate point C of the ABCD-pattern

If BTC fails the CD-projection can bring us deep below 10k📉

Even if I don't value that scenario as high likely...
If so... this would be a bullish ABCD-pattern with upwards movement and new highs afterwards - check it out👀

Now... tell me your thoughts dear Crypto Nation💭

Likes and Follow for updates appreciated🤗


Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion