On-chain analyst VoidOnChain has laid out a precise roadmap that maps the path from current price action, but the roadmap does not promise an immediate recovery.
Bitcoin Returns To The Zone Where Relief Rallies Keep Failing
Daily candlesticks since the breakdown have been fully bearish engulfing, and this has caused the Bitcoin price to approach a buy zone below $50,000 that acted as a buy zone in 2023. Interestingly, the roadmap laid out in the chart, as shown below, begins with Bitcoin breaking below $60,000 before a move to the buy zone around $53,000 and then $47,000.
What To Expect For The Next Three MonthsOnce the corrective structure completes, VoidOnChain’s roadmap projects a recovery to $87,000 initially, followed by an extension to $151,000 by January 2027.
