Bitcoin Price Remains at Risk Despite Recent Moves, Indicators Turn Bearish
Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses.
A recently published Dogecoin (DOGE) chart by analyst Paul (@Zig_ZagTrades) suggests that the popular meme-based cryptocurrency could slide as low as $0.12 in a final corrective phase before attempting a significant rebound. The 1-day chart, shared on X, outlines a textbook Elliott Wave structure that Paul interprets as a larger (A)–(B)–(C) correction, culminating in a potential Wave 2 near the $0.12–$0.15 region.
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