Bitcoin's price correction path involves breaking below the $110,000 bull market support band, then the $100,000 psychological level, wicking below $98,000 to around $90,000 to fill the $92.5k CME gap, which will signify the end of the correction.
"So, there is the bull market support band at $110,000. Below the bull market support band, you have the $100,000 psychological level. Now, what I think is going to happen is we could break down below the bull market support band. Let's assume we break down below the bull market support band. Then we've got the $100,000 psychological level. So, we break down below 109. We start breaking down. We go 8, 7, 6, 5. Then people go, 'Wow, this Bitcoin thing can never break below 100. It can never break below 100.' And then it wicks below 100. And when it wicks below 100, that is when I think that the correction ends. Because I think when it gets to below 100, you've broken that psychological barrier. We wick below 98 to around 90, where at 92.5 we have a CME gap."