Coin Bureau: BTC will fall to $45,500

The window it was checked over

BTC closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

Leverage going into the dip it's likely that the continued decline was due to weakness in the broader markets this seems to have been due to the hot inflation prints more on those later now this all begs the question of how low BTC could go the answer depends on the time frame btc's daily chart suggests that it may have hit a local low at the time of shooting that's because BTC appears to be bouncing from the Ballinger band moving average a key zone of support however it's possible that this support level is just a pit stop for another big move lower zooming out to the weekly suggests that BTC could fall as low as 45 5K before recovering this is where the Ballinger band moving average is and there's lots of additional support on weekly Candles now in a worst case scenario BTC could retest the Ballinger band moving average on the monthly which is currently around 30k now this is possible if BTC is in a bare Market rally similar to what we saw in 2019 however it's much more likely that BTC is closer to the summer 2020 phase of the previous cycle to refresh your memory this was when micro strategy famously first bought BTC in retrospect it was one of the main catalysts that started off

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