BTCUSD is currently in a bearish active sequence.
The bearish sequence in turkoise has his (C) level in the B-C correction of the red finished sequence with the current new ATH.
We have to confirmations that BTC will drop to this level. Very important is that BTC does this move to stabilise future ATH'S.
If we take the red sequence correction level and analyse the future sequence we have technical support to see a 100K BTCUSD.
The bearish sequence in turkoise has his (C) level in the B-C correction of the red finished sequence with the current new ATH.
We have to confirmations that BTC will drop to this level. Very important is that BTC does this move to stabilise future ATH'S.
If we take the red sequence correction level and analyse the future sequence we have technical support to see a 100K BTCUSD.