A little technical analysis on BTC chart

[Zaguru12]

Bitcoin may still dip further if you ask me before it pumps further, because some policies are yet to be signed into law like the CLARITY Act which focuses on market structure by regulating exchanges, the crypto tax reform or tax modernization which focuses on Bitcoin for everyday use.
A little T.A won't hurt but should help guide intelligent traders on when to trade, when to observe the market and when to apply stop loss or other risk management practices to guide and ensure profitable returns instead of losses.

Bitcoin market today stands at a record -13% loss after the Market broke a 200W EMA and the support at $68k and with trade laws still flying around I don’t think any of the new fundamentals even if signed will actually change the sentiment of the market at this particular period of time, the bitcoin market is currently at an extremely fear level with 11% been the level for the fear.

Technical analysis or using things indicators like Fibonacci retracement the market indicates that there is going to be a bitcoin fall with the market testing the $62k and should it been broken then a downward movement until $59k will be followed up.

[Yamane_Keto]

According to the chart, if BTC cant hold the $73K price, we should expect $60K price

I agree with you; the continued stay below $80,000, specifically at the $78,490 level for an extended period, is a clear indication that we will reach levels of $60,000 or $65,520.

My prediction has already happened, and happened quickly. $65,520 will not be the bottom. It is true that the price will stabilize between $65,000 and $75,000, but the long-term bottom is at $49,000. Therefore, unless there is a rebound during February or March, we will test $49,000 before the end of the year.

[dwyane36]

My prediction has already happened, and happened quickly. $65,520 will not be the bottom. It is true that the price will stabilize between $65,000 and $75,000, but the long-term bottom is at $49,000. Therefore, unless there is a rebound during February or March, we will test $49,000 before the end of the year.

Considering the rate at which BTC and alts are falling, I would say that the bottom will be reached in the medium term rather than the long term. However, I personally don't expect the bottom of BTC to be below $50k. Most likely, the bearish trend will end in the range of $50 to $60k.