12K USD May be the Bottom for Bitcoin in Worst Case Scenario
Bitcoin price is around 16666 USD after FTX Fud for a month. Lots of investors are waiting to buy discounted BTC under 15K. Some of them are waiting to see 9K, Some of them are waiting to see 14K...
I think 12K USD may be the bottom for Bitcoin price If we see the worst case scenario for market.
Here you can see downtrend line coming from 69K. It is broken up and retested. So, we may not see the price this line below..
There is also support line coming from the middle of 2021.. It is on 12K USD now...
There are lots of negative news on market. We may see negative new CEX crisis. Kucoin is on the top of the list...
If we see this scenario, we may see middle crypto season before 2025 and the target of this season may be around 40-50K USD as we saw in 2019...
Stabile market is boring for investors but It is great signal that we may be close to the end...
We will see...
Posted Using LeoFinance Beta
😏 12k is probably the last resort but I currently doubt we will go that far.
My base scenario is another final test of the 15k area and then slowly back up again. New ATH probably 2024.
2024-2025 is when I'm expecting new ATHs as well.
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$4300 can be the bottom under best case scenario...lol!
I doubt if we would see a $12k scenario.
I expect the price of BTC to start rising before the year ends.
Atleast $30k by march next year.