As Bitcoin price trades around $30,822, investors need to be aware of two scenarios – a sudden sell-off from the current position or a sweep of the $31,500 high followed by a correction. In both situations, the target for bears includes $28,138, which is the midpoint of the 27% rally seen between June 15 and 23. In some cases, the downswing could push Bitcoin price to tag the 62% retracement level at $27,331 or the 70% retracement level at $26,760. In total, investors can expect BTC to drop anywhere between 8.66% to 15% in the coming days

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