Post
--Bullish
_Ram
·
--
$BTC
In a bear market, there are usually only two possibilities.
Either the rally is just a temporary correction before the downtrend resumes and pushes price toward lower lows, or the rally is the beginning of a real market recovery.
And considering that the move from $60K to $83K is increasingly looking like a temporary recovery rather than a true trend reversal, it’s honestly not surprising to see more and more people talking about a potential Bitcoin at $50K.
Because if the market failed to relaunch from this rally, then logically the next attempt could come from a lower level. And after the $60K zone, the next major psychological area is naturally around $50K.
So whether people like it or not, a move toward $50K is not some crazy prediction. It’s actually a fairly realistic scenario if the current bearish structure continues.
Now of course, markets are never driven by technicals alone. A few days ago, sentiment was pressured by discussions around Strategy’s sale, Mt. Gox transfers, and other bearish narratives.
At the same time, new macro developments are appearing, including signs of a possible de-escalation in the Iran situation.
So macros can still change the game. But purely from a technical perspective, a revisit of the $50K region remains a very logical probabilistic scenario to keep on the table.
In a bear market, there are usually only two possibilities.
Either the rally is just a temporary correction before the downtrend resumes and pushes price toward lower lows, or the rally is the beginning of a real market recovery.
And considering that the move from $60K to $83K is increasingly looking like a temporary recovery rather than a true trend reversal, it’s honestly not surprising to see more and more people talking about a potential Bitcoin at $50K.
Because if the market failed to relaunch from this rally, then logically the next attempt could come from a lower level. And after the $60K zone, the next major psychological area is naturally around $50K.
So whether people like it or not, a move toward $50K is not some crazy prediction. It’s actually a fairly realistic scenario if the current bearish structure continues.
Now of course, markets are never driven by technicals alone. A few days ago, sentiment was pressured by discussions around Strategy’s sale, Mt. Gox transfers, and other bearish narratives.
At the same time, new macro developments are appearing, including signs of a possible de-escalation in the Iran situation.
So macros can still change the game. But purely from a technical perspective, a revisit of the $50K region remains a very logical probabilistic scenario to keep on the table.