BTC Lately, I've been talking a lot about where I think the bottom will form, but rarely about any alternative outcomes. So here's a scenario which, in my opinion, is less likely but definitely still within the realm of possibility. We just saw the highly anticipated sweep of $60k, where BTC formed a new local low at $59k. So far, price has found acceptance back above the previous low, making a retest of the quarterly open increasingly likely. My primary expectation is still a rejection from that level followed by one final push lower. However, since the majority of retail traders expect the bottom to form somewhere within the $55k-$49k region, I believe a scenario where BTC front-runs those levels could also be possible. For example, a second sweep of the local low towards $58k followed by a choppy sideways range before BTC eventually begins its next major uptrend. This scenario would not only align well with the typical timeline of a bear market, but also with the diminishing drawdowns we've seen across recent cycles.(Max Trades)