Bitcoin Price Best Case $ Worst Case for Crypto news 48 Hours

 Welcome back to the  site let's take a look at the bitcoin price and crypto best case and

worst case scenarios now i've got a couple of points to go through for today's video major altcoins breaking down sometimes this gives an early warning signal towards what's happening with bitcoin especially with old coins that have been leading the charge things like luna and nia which we're going to take a look at in today as well all coin patterns that's the pattern i'm looking for there and of course look at the daily and the weekly recapping on the last few days,

that we looked at with some of the analysis on bitcoin and investors getting trapped in their positions if you haven't already do that good thing before you even watch the video click that like button easy free way to help out the channel and you can always click dislike later

 on if you haven't already hit that subscribe as well i assume most of you have as in these times in the markets when it's very quiet it's usually all of you good regular viewers tuning in again all right so bitcoin price you can see what's happened here we ran up to 48 and now we've come back. down let's

throw on some of the indicators and drawing tools here the video i did from a couple of days ago looking at where bitcoin investors got trapped reason being just a short-term recap is looking at the psychology of the market we had the breakout of the tops at around 44 to 45 thousand dollars that's this area here now this was the huge excitement that came into the market as much as we can muster together in this bearish 

period and basically late entrance probably got trapped into the market as it broke down from the support level here on the 1st of april and then also we saw the market continue down so what tends to happen is we get a little bit of a reversal people will.

sell out because they just don't want to lose any more and then that forces the market to keep going down which is exactly what we covered those few days ago and then we've seen that happen again from this point i'm looking for a best case scenario as if we start to hold out at these levels you can see we had a close here on the 8th market ran up back down today's data is going to be critical i think we need to hold above 42 000 at this point you know based on what we've seen with the data in the last few days where the market was held up back in early to

mid-march it's also around that forty two thousand dollars and that was a critical level for the market over the last couple of months you can see we had a little bounce and then the market anked through that level you know there's a lot of volatility going through that price point so i think we need to see that come back into the market for bitcoin for it to at least re-test this underside of 44 000. now of course that could be a failure and i've just got alittle drawing on here to show what might happen over the next few days and then come back to test the 50 i think that's probably like a short term best case scenario for a one to two weeks in the bearish sense uh. 

if we are from this point and all of a sudden i post the video up and the market basically just tanks to 40 40 and a half thousand dollars then of course all of this has just happened in a matter of hours rather than over the course of a few weeks which is kind of like that slow bleed out so getting that movement to the 45 if it's quick and then a quick reversal that's a good sign even though you get some price action to the downside early on if you get a quick lever quick reversal that's a good sign to see because

 we'rejust washing out the sellers washing out the stops and then getting that market to push back to the
the more bullish side which is at this stage for the short term around that 42 thousand dollars so if we can get that then i hope we can get back above the 44k and then climb our way again to tes the 48. so that's looking at it from a short-term point of view the last area that i've got here for a hold using 5 of the current range from low to high is at forty thousand six hundred dollars now the other thing i've got on the chart is support at thirty six to thirty eight and a half because that is the fifty percent levels that are some uh bottoms as well and so if the market does come into this level you.

wouldn't want to see it turn around here this would be a worst case scenario as the buyers would probably get a little bit frustrated and then you'd start to see the sellout and then these lows taken out because we we didn't really push high enough for this market to come back and sit in this zone comfortably i think this is going to be a pretty negative area for the market so the best case scenario for if we do hang out in 36 to 38 is if we just hold out in this area for an extended period of time that's the best case scenario i can see if we get back into this zone the worst case of course is if we head into that zone and then drop lower to 34 000 take out these lows take out these.

next lows and test lower prices so my my area that i have drawn through here is basically where the market ran up really quick through december of 2020 so this is for bitcoin and you know halfway through that point is about 24000 the lows are 2 4and about 29 000 so that's where those lows were for january and then also in june and july no i did not say that the market must go to 24 there's always a few people that that think that but no i didn't say it had to i'm just saying that somewhere in the zone between 20 and 28 000 is likely if we do break those lows now the.

bullish side to that is hopefully it's a quick drop to that area you know that i am still looking for another significant low whether that lows in the 36s or the low 30s high 20s or in the 20ks at all i'm still looking for a significant low in 2022. that hasn't changed i've been saying that forprobably three to three and a half mo nths now it's on my four-year bitcoin cycle video which i'll leave a link to at the end of this video um so yeah if that does happen you know i've just run in here september or august something like that probably july i'm looking at around quarter three anyway but the best case from that is if we drop into it quick and then start to bounce our way out of it quickly and then get back above these old lows so it can go lower but ideally we want to see it bounce back above and even better get back above the 34 to 36 000 as quick as possible take a look at the invert feature of trading view now if you need a trading view.

account check out the link in the description study box off there which is essentially one month if you're upgrading from the free account so using this invert scale sometimes helps to remove the biases that our brains come to see in the charts sometimes we only want to see the up and sometimes we only want to see the down so if we flip the chart upside down what do we tend to see now this looks like a chart tha wants to go up in this case which would mean down if we inverted it back now i don't think it's going to be anything significant for a long term because overall you can see the trend is down in this case and long term we see the trend is up on bitcoin but it's just to take out some of the bias that we you know that we might come to exect thinking this market has to go in one direction so i find it a cool little

 function to use it's just down here in the cog invert scale and that just helps me clear my thoughts again and see the chart as a fresh chart so that's the worst case scenario for the short term for the macro sense and the best case scenario was if we get a bounce off 40 to 42 000 and start to climb our way back out of back out of these lows now i'm not sure if that's going to happen because there is not much volume coming into the market to support that.

thesis you don't have the buyers coming in just yet but it is possible that we could see a little bounce from here as we've had one two days down with a small correction so a small rally here and then we had another one two days down with a small rally and then another day down as well so it is possible that we're starting toslow this short-term move and get tha positive move back to the upside another positive is that there's still two days to go to score yourself up to four thousand one hundred dollars of sign up bonuses with buy bit link is in the top of the description use that link you've got two days until the 13th of april to get those sign up bonuses so check those.

out now let's check out the crypto market caps just looking at the old coins which have had absolut crushings over the last seven days waves has been a big one there that was off the back of those rumored users and the problems between waves and their usn their stable coin and then the alleged uh manipulation by alameda research but nonetheless you can see that a lot of these cryptos are getting crushed against their bitcoin value that's something i definitely want to stay away from in my portfolio is losing bitcoin value against uh my old coin

 so my old queen is losing bitcoin anyway going on from that looking at some of the cryptos you need to take them case by case because tara luna has obviously had a major run up but at the moment it's had a pretty solid move to the downside that's just for the last seven days now the negative on luna is as cross back underneath its all-time high prices so the first all-time high was at a 103 dollars then we had 104 dollars call it 105 and then we had nearly 120 dollars so it has come back down the goods or the positive that we could see from this is if we're going.

to hold up around 80 bucks and then start to climb its way higher but because this next range this macro range from around 45 to the high of 120 is a lot shorter than the previous range that was from about four bucks to 104 bucks that tends to lean on the side of buyers getting worn out of this cryptocurrency they just weren't able to push the price as hard as they were the first time around so just going to be on the lookout over the next weeks to months i don't think this is a short term hourly or daily move where it just absolutely tanks don't worry i'm not flooding the lunar token here just looking at what the buyers have done historically speaking this move is massive then the next move should this fall a little further is only about half the value so the.

buyers could not keep the momentum going through this move the eighth pattern that i'm looking at here is getting higher against its bitcoin value so the merge is coming up into 82.0 the narrative is shifting towards eth and so we're seeing all coins drop against their eighth value in this case i'm looking at celina against eth so celina did have a nice one and a half weeks up against its ethereum value after being crushed for approximately six months the positive that you want to see here what you want to see for the bullish case is a hold upat.03 to about .033 so you want to see this market hold up in this zone

 and start to work its way       higher again the bearish case is if this cannot hold and then it just breaks down from that point zero three so that would mean that ethereum is far stronger than celina and it just means that the six month bear market between cylinder and eighth would continue onfor until we find another low in this.

market as well so that's something i'm keeping an eye on especially while a lot of these old coins are just sort of getting rejected at their resistance levels you can see for celina here slider against eighth it got rejected underneath these lows at the moment doesn't mean it's over yet but if it does break down then sure eath is the better bet in this case and so this is the pattern that i'm just looking at when it

 comes to alt coins you can see a lot of them are breaking down again this was near near had the rumor announcements of 20 on their stable coin that's coming out on the 20th of april so roon i'm sorry near ran up on that news as well 20th of april coming out their usn coin i think i said earlier that it was usn for the wave stable coin but that's usdn whereas near is usn and so this is coming out and it looks like

 the market just took that up lapped it up and then rejected it you can see the high volume you can see the low close so sellers. came into the market and pushed it back down on that volumethe bullish bullish case is for all of.

these lows to hold and the market justrecover and maintain these levels fromthe highs of 15 bucks to these next hires at around 18 so if it can stay in this zone of 15 to 18 then all of that buying and selling that happened i those couple of days which is huge volume can maintain and then more buyers should come into the market however i think if it does break down from 15 and even better if it broke down

 from 14 bucks then that move is over and would have to wait for another reaccumulation zone and move higher remember near was one of those cryptos that i talked about in early march as a crypto to hold that would move that just came in off the swings and it was looking reasonably strong so that was about here at 11 and so now i think that's probably not a bad signal as a pretty good trade to go from 11 bucks to around you know 18 to 19 so the best case short term for bitcoin is holdingabove these levels of forty two thousand.

dollars sure people have been trapped at forty four thousand i' going to be wary to see how this market reacts to that forty four thousand dollar level should we get a strong rejection and then a breakdown of around 41 and a half then sure you know this thing is over but if it can only be a weak rejection then i think we're going higher and testing this zone again between 44 and 48 so that's the short term best case scenario for bitcoin and we've covered the worst case scenario for cryptos i can see a lot of them getting rejected from higher prices they've had fantastic runs  eth btc also on its test here especially leading into the bullish narrative over the next 70 80 days until the merge  comes out in quarter three

for the ethereum upgrade we'll see how that plays out and it's playing very nicely into this test zone that we've had on the chart for a number of weeks as that was previous highs and the market coming back to test those levels again remember check out the links in the description like the video by bit two more days to go get your thousands of dollars to sign up bonuses i'll see you guys at the next video thanks again until then have more fun to get ,.