We previously outlined a bearish scenario for Bitcoin (in this post), but price spent a considerable amount of time ranging before eventually making an attempt to reclaim the Flip zone. However, it failed to reclaim this area.
In our next analysis (in this post), we highlighted that Bitcoin needed to reach the Key Level to confirm a bullish scenario. This level was never reached, and price has now moved back below the Flip zone.
Yes, we know that traders who entered positions without a trigger took losses | traders who have no trading rules! But we never trade without a trigger!
In the short term, Bitcoin’s potential downside targets are $77K and $72,400, as marked on the chart.
We have also marked an orange zone where, if price pulls back into this area, we can look for potential sell/short opportunities.
Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Figure Heloc 
Zcash 