How low can it go? Bitcoins structure on the weekly timeframe over time, we've tend to see a lot of Deep dive of price action especially when it is trying to form a higher low HL.

June 21. bitcoin went as low as 31K to which was the extreme level of the higher lows.

we saw it happening again twice this cycle

first was after BTC saw its first change in structure after its whole down trend in the bear market, in this case price went as low as sweeping the lows before creating another leg up. this was march 2023.

we saw it again happening in September 2023. bitcoin went as low as the extreme point of the weekly higher low before showing any significant sign of bullishness

we are now approaching the extremes of the last HL on the weekly of this cycle. if you are still bullish and think the top isn't in yet, this is where we want Bitcoin to go before moving higher, which in this case the extremes $75K - $80K