$BTC has absolutely NUKED yet again today… As we can see, Bitcoin has had one of its worst performing days since February, falling all the way down to $61.6k and breaking below major support at $65k. Although we saw a small short term bounce around $65k, price continued to fall and closed yesterday’s daily candle below $65k. That daily close is confirmation to me that we are VERY likely to see new bear market lows in the near future. Although we are starting to bounce now and have reclaimed $64k, I am still expecting much lower targets in the coming days. If we don’t reclaim the $65k level via a daily candle close, we will likely see a very violent move below $60k. Keep a VERY close eye on price action over the coming days… the next leg lower is likely upon us.

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