The Worst Case Scenario for Bitcoin Prices

By chorock | 2F Finance and Future | 12 Jan 2021

Here is hourly chart of Bitcoin. After ATH, Bitcoin prices felt more than 30 percent!

Is this a correction or a trend reversal?

The worst case scenario is to being trend reversal. If it happens what will be done?

Here is a head and shoulders pattern on the chart. If it happens, the goal of is pattern is 18K. 18K is also fibo 0.618!

How does such a situation happen?

We should follow purple trend line! If it breaks down, price drop may gain momentum and head towards the target!!

The deadline for Tether to submit the documents requested by the New York Prosecutor’s Office expires on January 15th, 2021!!

In order for this scenario not to happen, it must go over 37K!

Be careful and lets see...


How do you rate this article?



Mechanical Engineer, Investor and Blockchain Lover.

2F Finance and Future
2F Finance and Future

Technical posts about financial instruments. Future predictions.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.