According to Eric Cryptoman, Bitcoin has recently experienced a sweep of the lows, which resulted in taking out long positions. A potential lower time frame (LTF) double bottom could be forming, presenting a favorable risk-reward (R:R) ratio of 1:5+ for traders willing to take the risk. Eric notes that although some in the crypto community anticipate Bitcoin dropping to the low 70s, it is unlikely without significant negative news or a major stock market downturn.