#Bitcoin Chart Analysis for Today
Scenario 1
In this scenario, there is a possibility of one more wave of decline. It’s not expected to be a major drop, but there could be a rebound around the $59,000 level, which might lead to a rise.
Scenario 2
In this scenario, the complex correction, WXY, is considered complete, and a rebound could be starting. If a rebound occurs, it is possible for the price to exceed the previous high of $66,500.
While we need to observe how things unfold today and over the weekend, the common element in both scenarios is that we are in a price range where a rebound could occur.
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