Technical analysis by hungry_hippo about Symbol BTC on 10/17/2025

BTC broke through my support channel, so I'm posting the ultimate bear scenario. Not confident in this prediction just because BTC has so many financial supporters now. BTC completed a 3 drives pattern, usually drops the last 2 drives. (Note that gold didn't drop at all in the same pattern, which is why I'm not too confident in this prediction). Target zone on plot. This is a weekly chart, it shows the bottom should be around next summer. June $61 IBIT puts are $9.90, lol. I'll look for a quicker play.