<ul><li>Bitcoin is currently in a downtrending channel, but previous rejections from the channel top have become shallower over time, suggesting weakening resistance.</li><li>Bitcoin is in a reaccumulation phase, with buyers consistently stepping in when the price dips below the established low, indicating strong demand.</li><li>Downside deviations in Bitcoin's price often lead to opportunities for upward movement afterward.</li><li>The reaccumulation range is critical for Bitcoin, and reclaiming the $64,000-$65,000 range could signal a potential rally, while dropping below $58,000 may indicate trouble and further declines.</li></ul>

Bitcoin’s Worst Case Scenario Explained

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