$BTC | 60k, not that far away.

Dropping to 60k might sound extremely bearish, but it is actually quite possible.

Three reasons:

1. Previous cycle high range

2. 3monthly orderblock (apr-jun 2024)

3. 200 weekly SMA

Chart shows a falling wedge bottom formation, but is speculative.

Other types of formations are possible, suchs inverted Head and shoulders or Rounding Bottom.#StrategyBTCPurchase