Bitcoin is predicted to experience one more significant dip or 'washout' to the $69,000 - $84,000 range (specifically $72k-$78k or $73k-$69k, preferably below $80,500) in the near term, before a major upward movement.
"I do expect that we're going to still see that move to the downside that I've been talking about right here. Uh getting some sort of wash out down here, most likely to test this soon... Even if the Bitcoin price drops lower down to that 68 to $76,000 level... I think it's going to be on the higher side of that that 72 to 78 somewhere in there a dip into there... a move below $80,000... come back down to this 73 70 69,000 zone... I put it at a higher probability that we will get some even if we push all the way up here to 95 uh that we will get some sort of impulse that retests this region uh sub84. I would say somewhere between 84 and $77,000. And in fact, I'd like to see it go below this uh this level right here, this 80,500 mark because that would give us the best uh setup to do that."
