Sorry — But Bitcoin Can Still Drop to $2.7K While Everyone’s Bullish

Lower CME gap to be filled

The Daily MACD crossed bullish for the first time in a month

The weekly MACD is still bearish

Weekly RSI is almost identical to the middle of the last bear market

Previous price action

Is there a bullish scenario?

Bearish scenario

I don’t think I need to repeat the bearish scenario. The $6,900 level must be defended. Should this price breakdown, I expect an aggressive sell-off to lows around the $2,700 region over the next 5–6 months.

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