Bitcoin: $63,000 - $68,000 Crash Coming—Final Warning! (Part 2)

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Bitcoin: $63,000 - $68,000 Crash Coming—Final Warning! (Part 2)Bitcoin / TetherUSBINANCE:BTCUSDTMasterAnandaThe final extension of the retrace, or correction?, is now underway. We can call it a correction because it has been going for more than three weeks and the strength is quite enough. Bitcoin is bearish but the bullish bias, local uptrend and chart structure continues intact. There is room/space for Bitcoin to move all the way down to $60,001 and even wick below this level before the bullish structure becomes compromised. Do you think Bitcoin will move below $60,000 in the coming days or weeks? What about in the coming months? The daily RSI is already moving within oversold territory. Once it becomes red, a reversal tends to happen. The stochastic is also moving within oversold territory. The MACD entered the bearish zone and can move much lower. Only the MACD looks pretty bad. Conditions are mixed, good? Conditions support additional bearish action. Bitcoin can continue dropping for one day or two, for several weeks... Who knows. Based on what is happening across the rest of the market, this corrective move will result in a higher low. After the higher low, Bitcoin is set to move to reach a price tag of $100,000. The first resistance can be found at 80K. Support has been mentioned in a previous article. Thanks a lot for your continued support. Namaste.