Will Bitcoin Really Drop to $35k? Technicals vs. The New Reality‼️
Many analysts are currently drawing this specific chart pattern, eyeing the base of this Ascending Broadening Wedge as a target—which sits roughly around the $35,000 to $40,000 range.
Is this actually possible?
Strictly speaking, from a Technical Analysis standpoint, their opinion isn't "wrong." The pattern suggests a correction to the lower support line is a valid mathematical outcome. However, looking at the Macro Level tells a completely different story.
The Institutional Shield
Bitcoin is no longer just an asset driven by retail hype or a few "whales." We have entered a new era:
Institutional Giants: Trillions of dollars in AUM are now connected via ETFs.
Corporate Treasuries: Public companies are putting $BTC on their balance sheets.
Nation-State Reserves: We are now seeing the beginning of governments discussing Bitcoin as a strategic reserve asset.
The Big Question: Are these massive corporations, institutions, and world governments "foolish" for holding and buying at these levels?
The Verdict
Predicting that a massive bear run has started and will plummet Bitcoin back to $35,000 ignores the massive "floor" being built by these big players. In my view, expecting such a deep drop in this new institutional environment is a risky bet.
What do you think? With these Big Players now in the game, do you believe Bitcoin can still fall that far?
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