🚨 BITCOIN: IT'S URGENT!!!!!!

Added: 2026-06-06

[00:00:00]Welcome everyone and thank you so much for joining in this very, very interesting scenarios unfolding right now here in price action of Bitcoin. As we can see guys, nothing much has changed since our last update. Bitcoin looks like heading towards the worst case price target before finding bottom before starting with a new bullish continuation because since couple of days, I have been very clear with you guys. Bitcoin for the month of June has already penetrated through three objectives, bearish objective S1, S2, and S3. And now for the month of June, we still have the worst case price target open, which is this S4 and this S4 line sits somewhere around $55,000.

[00:00:42]Yes, you heard that greatly guys. For the month of June, the worst case price target is still open and after that, I am actually expecting the price of Bitcoin to show a continuation in this manner. I mean, S4 being the worst case price target according to our leading indicator, but also the best area to accumulate Bitcoin because we know beside this leading indicator, Bitcoin was also flashing weakness because the rising trend line support, which was supposed to hold the price, got broken and in the past price action, breaking out of this rising trend line resulted in a very, very bearish move. I mean, if you look at this from the past price action, 28% drop, right? 32.9% drop. So, if this similar scenario plays out, Bitcoin has the worst case target still open around 50, $55,000. So, if the worst case target plays out, you can see even according to this example as well, Bitcoin after reaching this price objective might find bottom and only after that a continuation that we've been waiting for because beside the rising trend line, even according to this ascending channel, rising channel, you can see the price objective is still open. Many also look the bottom line as the first price objective, which got penetrated now looks like heading towards the worst case price objective because we know, you can see according to this S4 line, according to this rising trend line, according to this ascending channel, rising channel, Bitcoin looks like heading towards the next area of confluence. And even in a weekly time frame, I have been very clear with you guys, Bitcoin has officially lost the previous support line. And now, if this continuation con- tinues, where is our next price objective? We can see according to this scenario, the next price objective sits around 53 to 55,000 dollar range. So, that is another reason why I'm actually expecting a worst case target could be attracting us, but this will be a great buying opportunity in my opinion because price of Bitcoin after that might show a continuation in this manner. Why?

[00:02:50]Because beside this price action, Bitcoin, even according to this double top type of formation, you can see in the past price action when Bitcoin formed a very similar move, when did this downtrend end it?

[00:03:03]The downtrend ended when we got capitulated. And this capitulation was in between the 100% to 0.786 Fibonacci extension levels. And if you look in our case, you can see double top, price followed this exact move. And now, if this continuation continues and Bitcoin also finds bottom like this after reaching the 100% to 0.786 Fibonacci extension levels, you can see we are nearing to that. I mean, Bitcoin could be slowly getting capitulated once we get attracted around 50 to 55,000 dollar, and then a continuation which could look somehow like this. I mean, just like from this past price action, after getting attracted in between this 100% to 0.786 Fibonacci extension level, we might get capitulated, which will mark the bottom and which could trigger another bullish continuation for Bitcoin. But, as of now, looking to different time frame, looking to different scenarios, you can see Bitcoin is weak and Bitcoin also looks like getting towards the worst case target before finding bottom, before starting with the new bullish continuation. So, please guys, please do not over leverage yourself. As you can see, Bitcoin for the coming days is expected to be very, very volatile. So, that's why I want you to trade responsibly and not to over leverage yourself. So, this were some of the quick quick update that I wanted to share with you in this video. If you enjoyed my work, then please guys, do not hesitate to destroy that like button. And to those individuals watching this for the first time to hit that subscribe button. And by saying this, I'm signing out until the next time.

[00:04:42]Bye-bye.