Bearish Scenario on Bitcoin
Bitcoin $BTC has the potential to visit the range area of $73,000 - $70,000.
Reasons:
š Currently, Bitcoin has not been able to rebound significantly to break out of its selling pressure trend
š Impact of uncertainty from the global economy
š 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).
š Confluence of the golden ratio between the minor and major Fibonacci Retracement
