$BTC correction bottom is $85000
Updated
All the fanboys—Crypto Rover, Ash Crypto, Satoshi Stacker, Banter, etc.—are singing the same tune: *"We're back!"* They claim 
BTC is still in a bullish pattern, that the December 20th -15% crash was just an anomaly, and so on.
As usual, theseBTC enthusiasts are acting like PR agents for Blackrock and Sailor, hyping the market to attract your money.
If you're into altcoins, be cautious—the charts are telling a different story than their optimistic chatter.
Remember June 2024? They were promising rewards ifBTC hit 80K by the end of the week. How generous! And yet, BTC dropped -31%, with many altcoins plunging -80% over the following three months.
I sent my weekly chart showing bearish divergence to all of them back then. None paid attention, and I was right.
This time, while we're not in an identical scenario (the weekly timeframe still looks bullish), the daily timeframe shows a clear downward trend. Until this plays out, there's no reason to get overly optimistic.
This means we could see selling pressure for the next week, dragging most altcoins down withBTC as the correction completes. The expected bottom for BTC is around $85,000, give or take. After that, the bull run should resume—I don’t think we’re heading into a bear market just yet.
As always, DYOR!
BTC is still in a bullish pattern, that the December 20th -15% crash was just an anomaly, and so on. As usual, these
BTC enthusiasts are acting like PR agents for Blackrock and Sailor, hyping the market to attract your money. If you're into altcoins, be cautious—the charts are telling a different story than their optimistic chatter.
Remember June 2024? They were promising rewards if
BTC hit 80K by the end of the week. How generous! And yet, BTC dropped -31%, with many altcoins plunging -80% over the following three months. I sent my weekly chart showing bearish divergence to all of them back then. None paid attention, and I was right.
This time, while we're not in an identical scenario (the weekly timeframe still looks bullish), the daily timeframe shows a clear downward trend. Until this plays out, there's no reason to get overly optimistic.
This means we could see selling pressure for the next week, dragging most altcoins down with
BTC as the correction completes. The expected bottom for BTC is around $85,000, give or take. After that, the bull run should resume—I don’t think we’re heading into a bear market just yet. As always, DYOR!
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BTC whales are attempting to pump the price during this low-volume Christmas period. It seems like an effort to keep it above 91k and avoid a deeper drop. This might delay the inevitable. Are they aiming for a soft landing, or do they genuinely believe the BTC correction can be avoided?
BTC has failed to break above the EMA21 resistance, confirming the bearish trend. The target remains at 85k.
They will likely try to invalidate this again, as there is currently a massive influx of cash buying BTC.
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