Looking ahead, Crypto Patel noted Bitcoin has formed a lower high around $82,800, a move he had been waiting to confirm. He also highlighted that stop losses have moved lower, from $98,000 to $82,900. The analyst has marked the $82,800 region as the current critical change of character (ChoCH) trigger, signaling that traders should watch this level closely for potential market shifts.
According to Crypto Patel, only a high-volume, high-timeframe close above $82,800 could flip Bitcoin back to bullish territory. Without it, he expects another significant decline.
BTC’s Downside Targets Point To $40,000 Crash
