Bitcoin Update: Warning of a Potential Crash!

Bitcoin has been ranging around the 98K level for about 90 days. Fractals show strength, but I see another potential move incoming, though with a low probability. In this scenario, we can expect a quick shakeout in the market, where BTC price drops in a 17% shadow down to 80K, followed by a flash recovery to the starting point of this move, continuing toward new highs along with the fractal demonstrated on the chart, with the ultimate target of 150K, in my opinion.

Overall, there is little concern about this scenario since it has a very low probability, but to be cautious, it’s better to manage our risks.

The main scenario in my mind is still my previous analysis based on its fractal, and I remain bullish.