Bitcoin’s recent crash sent the entire world into a frenzy. Investors keep their guards high as BTC is still experiencing intense volatility. With Bitcoin trading currently at $70,00, will it continue to fall and reach $40K? Crypto Patel discusses Bitcoin’s potential future.
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How much bitcoin is $40K?
In his most recent Bitcoin analysis, Crypto Patel shared an astonishing new prediction. Expert Crypto Patel stated that BTC was at a critical stage, where a drop below $70K could cause mayhem. He was quick to mention that Bitcoin is at a crucial stage between $77K-$79K. Next, it’s $86K-$90K. These levels may be rejected and Bitcoin could spiral downwards to as little as $40K or $50K.
“Current Status: $BTC forming LL & LH—Weakness Confirmed. After breaking below $90K, Bitcoin tested sub-$70K as predicted, reaching a low of $59,809 yesterday before bouncing to $71,750.This volatility liquidated both high-leverage longs and shorts. Key Levels to Watch. Bearish Order Block: $77,516 – $79,290. Bearish Order Flow: $86,035 – $90,585. Expecting price to visit these levels before the next leg down. Trading Plan. ✅ Short Entry Zones: $80K and $90K levels. ✅ Strategy: Wait for price reaction at bearish order blocks.✅ Current LL Confirmation: Any HTF candle closes above $79,290. Scenarios. ➡️ Bearish Case: If rejected from order blocks → Potential test of $50K-$40K range. ➡️ Bullish Invalidation: HTF candle close above CHOCH at $97,900.”
The Institutions are busy, buying dips despite the recent Bitcoin crash
Hunter Horsley, Bitwise’s CEO, also shared his thoughts on the future of Bitwise. recent Bitcoin crash has made BTC cheaper for institutional stockpiling For the future.
“Hunter Horsley says institutions feel they’re finally getting another chance to buy Bitcoin at prices they thought they’d never see again. He revealed that a billion-dollar wealth manager told him clients are ready to invest and are actively asking where the right entry price is. That mindset, he says, is widespread across institutions.”
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Source: watcher.guru
