BTC Price has broken below the lower trendline of the symmetrical triangle, followed by a sweep of the lows. Since that sweep, we've seen choppy sideways price action, which is exactly the kind of behavior you would expect as price trades back into a major capitulation low. From here, I see two possible scenarios. Either price continues lower and sweeps the recent low at $61.1k, with a possible extension toward the capitulation wick should bearish momentum remain strong enough. In that case, I believe a move even lower into the mid-to-upper $50k region becomes likely. The second scenario is simply a move higher from here, where price sweeps the highs instead. While predicting price action in these market conditions is much more difficult than usual, I still believe this is the slightly more likely outcome. The main reason is that this type of choppy, range-bound price action often persists for longer before a major low is finally taken. We've already seen one liquidity sweep to the downside, and so far sellers have struggled to generate meaningful follow-through.(Max Trades)