This is how I see Bitcoin $BTC playing out in the next 1-2 weeks....all paths are bullish btw some just mean a bit more short-term pain.



The OBV breakdown + momentum weakness tells us Bitcoin isn't quite ready for immediate liftoff. Path 1 - bouncing straight from here - is possible, but less likely unless buyers step in quickly right now. What supports this scenario is that we're right at the RSI trendline support. If BTC were to bounce w/o further drawdown, it'd be here (I don't think it holds here). TMO band shows it hasn't fully bottomed out but we're getting close to the green support.

For me, Path 2 is the most likely, where we see a drop to $106-108k and that's it. I give more weight to OBV (on balance volume) and the trendline that’s held up since April has now broken down, which usually precedes a liquidity hunt. A dip into that region before powering higher makes sense. It'd also be turning the area of resistance going back into Dec into support. Very healthy price structure

Path 3 is just the extended version of Path 2, a longer chop or liquidity probe closer to $101K before heading higher. If the last 2 highs formed a short-term double-top, this would be the area of the projected move. However, I think there is too strong of a support at $106-108k.

Overall, nothing is bearish. Shake conviction, hunt liquidity, build a stronger base, then push higher and we all hold hands again.

Curious what you guys see @cantonmeow @CrypticTrades_ @lourenco_vs @MarketMaestro1 @CredibleCrypto @AlemzadehC @bitcoindata21
BTC-0.91%
IN1.88%
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