Bitcoin is in a bearish cone pattern and may soon break. If the  86,200 level is not maintained,the probability of falling is up to  78,700. Of course, whales are buying and piling up bitcoin, which could spark growth in the future.

Bitcoin is experiencing extreme volatility these days. In February and early March, the market was in good condition, but now there are signs of weakness in the upward trend.

Bearish scenario:

If the 4-hour Kindle closes below  86,200, there is an 8.5% chance of Correction and bitcoin may drop as low as  78,700.

📈 Ascending scenario:

The  232 million bitcoin output from exchanges shows that long-term investors are piling up.

If the buying pressure rises, bitcoin may stabilize above 88,907 and halt the downward trend.

The market is still in the hands of bears, and most traders are closing down on the fall in prices. More than  1.2 billion the position of the shorts has been opened, suggesting that most traders are expecting more shedding.

Yes, the market is a little scared, but it always comes after night, in the morning! Whales are collecting bitcoin, and that means there is still hope for growth. If The  86,200 support is maintained, we can see an upward momentum. So we better move forward with calm and logic! 💛🚀