Bitcoin is officially in a bear market and is approaching one of the most important support levels since the Covid crash. If this support fails, Bitcoin can certainly collapse to the mid to low 20s. Historically all time highs to all time low percent corrections would make BTC eventually end up in the mid to low teens. Even though unlikely we cant say it’s impossible. Lets see how the next few days pay out. Personally I can see a solid pump soon with all the down pressure but then we correct again and range to eventually falling below further.

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This is not financial advice. This is for educational purposes only.