Expected Scenarios for Bitcoin's Movement

Bitcoin rebounded in a corrective move

after a significant drop due to the recent sell-off

in cryptocurrency markets.

Bitcoin may be more inclined to fall due to negative news

and the withdrawal of many investments from exchange-traded funds (ETFs)

in the United States in recent weeks.

Technical Outlook

Technically, the cryptocurrency has reached important levels on the daily timeframe.

These levels are considered weak, but the currency is still affected by the downward wave

and the current overall downtrend. Therefore, the most likely scenario is

a further decline and a return to demand zones near the 80884 level.

This scenario could be supported by any sell signals

especially on the 4-hour timeframe.

The alternative scenario is an upward move, but this is contingent on a breakout and close

of a daily candle above the current selling levels. In this case,

the upward movement may continue towards the Flip Zone,

which represents a recently broken support level, with the aim of testing these levels.

From there, a return to a downward trend is expected.