BTC Price Target #1: Most Bearish CaseBitcoin all time history indexINDEX:BTCUSDsean78808My most bearish guess for where BTC price proceeds from here (2/25/25): Consistent with a Double Top, we see basically a 786 retracement (however circuitous) below the 200d SMA to levels preceding the move to $100K begun in November of 2024. This could--and would likely--involve a bearish retest of the VAL of the volume profile anchored at the 10/10/24 Swing Low, a dead-cat bounce and retest of its POC, and/or a bear-flagging decent to the level in question. It's plausible, especially given the lack of volume in crypto markets since December of 2024, however much the history of post-halving years would suggest otherwise. Also favoring the bearish case: the persistence of QT and the unlikelihood of significant cuts in the Federal Funding Rate.