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No support formed on weekly timeframe. Price could drop to mid-60s to $60k without established base.

From BITCOIN!!! (MUST WATCH ASAP!!!) · jumps to 5:51 · speech

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If we take a look at the weekly timeframe, we had one weekly candle, give us a big move to the upside. And so if we start, if price starts to come down into this area, just as quickly as we came up, we can come down, right? Look at this, when there's no support, as quickly as we come up, we can come down and vice versa. As quickly as we come down, we can come up, there's no support. Price has not had a chance to form a base here. There's no volume in order for us to establish any kind of support. So in that event, well, then it's very probable that we see the price come all the way back down towards the value area low of the range. And that's going to be in the mid-60s. You can see by the time we fill this weekly candle, we're going to be coming down to around the $66,000 level, potentially all the way down toward the $60,000 level where we have this nice weekly level. And so this is something that could happen to Bitcoin, especially if, well, we start to come into that area, especially if we get some kind of bearish catalyst that could push the price down lower and stuff like that. But here's something else that's really good.
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