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Bitcoin’s new ‘worst case scenario’ puts BTC bear market bottom near $6K

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Decentrader's Filbfilb believes Bitcoin's capitulation action may drive price back to the area double the bear market bottom of 2018.

on Nov. 24, trading platform DecenTrader revealed targets for a BTC price bottom.The most recent in a series of BTC/USD forecasts, Decentrader co-founder Filbfilb“In my worst case scenario, I think that would be probably where we end up, like oldschool, rock-hard support,” he said about a bidding zone around $6,500.

While “unlikely” under current circumstances, Filbfilb nonetheless argued that more significant repercussions from the FTX implosion could remove bid support higher up the order book, opening up the door for such a capitulation event.

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That will kill almost all big players

It's time to go back to that price...

Unfortunately 6k has come and gone it would be a freak of a chance to buy at that price however halvings ensure each bear cycle bottom is about 5 x the previous making $15k the bottom. We move sideways for another 6 months until hype of halving turns the market bullish. Imo

Collective governments (USA)/(FTX- SBF) are trying to crash the market, the public will bail at 12k and finish crypto forever, it's beginning to look like it's by Design

Damn, that would be interesting. It would be cool to buy BTC on Bitfinex at that price.

Faite du journalisme pas des projections de prévision d'anticipation de peut être éventuels.

Vous en avez pas jamais marre? Et des 12k et des 9k et des 6k et merde! On s'en fout on verra quand on y sera. Titre pute a click sérieux.

Courtesy of woonomic Bitcoin bottom is getting close under the Max Pain model. Historically BTC price reaches macro cycle bottoms when 58%-61% of coins are underwater (orange). Green shading adjusts for the coins locked up inside GBTC Trust.

oh the good old 6k lmao send it ongod now

Ohh these posts make me feel the bottom is near 🧘‍♂️

Theyy don’t want youu to know thiss?

Theyy don’t want youu to know thiss?

No

It’s a target to think about… that may not necessarily be achieved… but there are some smart, deep pockets that are going to try and smash it there with derivatives

FUD much?

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Bitcoin new 'worst case scenario' puts BTC bear market bottom near $6KAn 'unlikely' but still feasible worse case scenario floor for BTC is around $6,500, filbfilb believes. filbfilb 😉 filbfilb Crypto is a deadly filbfilb Untill scamers like Do Kwon SBf are there .. Their is no floor for BTC
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