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.
