Youtuber MM Crypto believes there is a two-thirds chance that Bitcoin will drop to 73,000 and a one-third chance it will break upwards. His trading plan is to go long if it drops below 80,000. He says it's fine to stop-loss on long positions, and he mentioned that he has done this before, stopping out three times, but eventually made a 50x profit.
Youtuber 科幣托 is also bearish at the moment. His trading plan is to sell off more than 60% of his remaining positions before the end of December, and then he will open short positions to go short. $BTC
Youtuber The Moon also believes that the current major trend is bearish. He thinks there is a dense trading area between 67,000 and 74,000, estimating a drop to around 67,000 to 68,000.
My view is more pessimistic than theirs; I see a bottom between 45,000 and 55,000, which I think is the bottom of this bear market. Below 60,000, I will start buying spot.
This time Bitcoin dropped from 126199 to 80600 then rebounded to 93092 which means a relatively weak rebound Normally, 0.382 should reach 97000-98000 Only rebounding to 93000 indicates insufficient rebound strength Next, 93000 will go to around 0.5 of 126199-80600 This is based on Fibonacci to estimate that the C wave may equal about 0.5 of the A wave's decline Approximately around 70000 YouTuber MM Crypto believes that after breaking 82000 it may go down to 69000 YouTuber 科幣托 believes that the bear market is coming and thinks MicroStrategy may sell the Bitcoin held when the stock value is lower than the value of Bitcoin held He did not explicitly say how much the price of Bitcoin will drop to However, the current view sees the bear market $BTC
If according to the previous bull market, Bitcoin would drop 40% to have the first rebound This time, a drop of 40% from 126000 would reach 75600 Rebounding back to 75% of the high It would reach 94000$BTC If it is a Fibonacci retracement of 0.382 It would reach 77900