Bitcoin: Next Move = Drop to $85K (Then Either Moon or Doom)Hey everyone! 👋
How was your trading week? Hope it was green and profitable! 💰
Sharing my current Bitcoin view with you.
In my opinion, the recent rally we’ve seen was either part of an ongoing correction or the final leg of a correction after the previous sharp drop.
Either way, I expect the next meaningful move to be to the downside.
Right now I see two possible scenarios, but both lead to the same outcome in the near term:
→ A decline toward the $85,000 area
🟠either straight from the current price
🟣or after one more push higher toward ~$92,000–$92,500
This coming drop can be interpreted in two ways:
1. As wave B of the ABC correction from the recent crash → after $85K is reached we can expect a strong recovery and new highs above $93K (and likely much higher).
2. If the correction from the crash is already fully complete, then the drop to $85K will mark the start of a new bearish trend continuation.
We’ll watch the internal structure of the upcoming decline — it will give us the clues which of the two bigger pictures is playing out.
❌Invalidation level for the entire bearish scenario: $93,080
Any clear touch and break above this level cancels the idea completely.
Of course, I’ll keep posting fresh updates and chart markups as the price action unfolds, so make sure to hit that
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Stay sharp and trade safe, friends! 🚀
See you in the charts! 📊
