"Bitcoin's potential price trajectory moving forward: 1) The market is already panicking, and ETF institutions are continuously selling off. The price will most likely drop to around $65K first, which corresponds to the 0.786 Fibonacci retracement level in the short cycle (see chart below). After a brief rebound, it will continue to fall. 2) When the price drops to around $60K, there will be a rebound. This is the so-called "second bottom" where dip buyers enter, creating a dead cat bounce. The rebound might reach around $63K. 3) The price will then break below the $60K threshold, triggering stop-losses and panic selling among bulls. The price could plummet quickly, possibly all the way down to the $50K level. 4) The $50K level looks pretty attractive and tempting. A wave of dip buyers will likely enter again, leading to a strong rebound that could last for a while. The rebound is estimated to reach the $55K-$58K range. 5) At this point, the U.S. stock market might also start to decline and adjust, dragging Bitcoin down with it. BTC's price could crash below $50K, aiming for the $42K-$45K range. 6) If the U.S. stock market experiences a major crash or another black swan event occurs, Bitcoin's price might spike down to around $38K. 7) When the price drops to around $40K, short positions will start closing to take profits, while bulls and dip buyers gradually enter the market. This will lead to a significant rebound, but it's just a rebound, not a reversal. Bottom consolidation could take another one to two months. 8) Bitcoin will oscillate back and forth in the $40K-$50K range, building momentum and forming a bottom. It's estimated that by around January 2027, a new bull market will be born!" #Bitcoin #Crypto #BTC #MarketAnalysis