Bearish Scenario on Bitcoin

Bitcoin $BTC has the potential to visit the range area of $73,000 - $70,000.

Reasons:

📌 Currently, Bitcoin has not been able to rebound significantly to break out of its selling pressure trend

📌 Impact of uncertainty from the global economy

📌 There is an Expanded Flat Correction pattern based on Elliott Wave Theory. Where this pattern consists of ABC Correction made up of wave A3-B3-C5 (abc-abc-12345).

📌 Confluence of the golden ratio between the minor and major Fibonacci Retracement