Seeing stuff like "50k" on X and elsewhere. This is what I'm looking at, BTC 4h.

Before bringing $50k back to the conversation we need to lose support at 62.5k AND break right through the 0.786 FIB around $58k. Until those conditions are being met there is no $50k. So currently the "worst case scenario" on my chart would be NOT bouncing 58k if Bitcoin does go that far down. Best case, the sell-off slows down, we catch support around 62.5k and then we'll see what Wednesday has planned.

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TA - Astrology for nerds.

For me it's just watching BitcoinTV but I've been watching it for a long time 😉

At the end of the day it's just algos doing their thing with the occasional economic event making some waves.

I too enjoy mindless charting from time to time. 😁

when in doubt , zoom out