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⛓️ Crypto🔴 BearishActionable

Seasoned Trader Says Final Bitcoin Flush Is Coming, Here’s The Target

NewsBTC|Scott Matherson||1 views
Seasoned Trader Says Final Bitcoin Flush Is Coming, Here’s The Target
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🤖AI Summary

Two crypto analysts predict Bitcoin will experience another crash to around $59,000-$62,000 despite recent recovery to $63,000. The analysts cite an expanding ending diagonal pattern and bearish momentum as indicators of one final flush before establishing strong support.

Key Takeaways
  • Bitcoin may drop below $59,000 in a final flush despite recent recovery to $63,000.
  • Analysts identify an expanding ending diagonal pattern suggesting another downward move is coming.
  • The target swing low lies just above $62,000 which could act as a price magnet.
  • Two separate analysts confirm bearish outlook with similar price targets around $61,000-$62,000.
  • Analysts suggest waiting for this final flush before entering Bitcoin positions to avoid further losses.
Mentioned Tokens
$BTC$0.0000+0.0%
$ETH$0.0000+0.0%
$DOGE$0.0000+0.0%
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