How Much Can Bitcoin Fall?
Right now, Bitcoin is between $62,000 and $65,000, but the future seems uncertain until the US election.
Most analysts see a significant resistance at $60,000. If this resistance is broken, then there will be several contracts associated with the liquidation of those positions.
So, in case the $60,000 resistance is broken, we are likely to see a drop in price, all the way to $52,000. If there is no downtrend from here, there is no narrative to support the path to a new all-time high.
Bitcoin price cycles occur every 3 to 4 years, giving the opportunity for new investors to enter and profit at any time.
History will vindicate us and that's for sure……….
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