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BTCUSD Bearish, But for a while.
BTC looks like it started a new Bullish Impulse movement. The wave 1 for this impulse ended at about $73,729, thus making a new ATH. BTC has been correcting ever since then for wave 2.
The wave 2 appears to be a WXY (3-3-3) correction.
The Y wave appears to be a ZigZag correction. I expect its B wave to peak at about $65,500, then this should be followed by an impulse drop for wave C of wave Y.
Wave Y would see BTC drop to a 9 month low of around $45,000
The wave 2 appears to be a WXY (3-3-3) correction.
The Y wave appears to be a ZigZag correction. I expect its B wave to peak at about $65,500, then this should be followed by an impulse drop for wave C of wave Y.
Wave Y would see BTC drop to a 9 month low of around $45,000
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