The price of Bitcoin is always in the uptrend if we check it on monthly basis. However, on weekly basis, a small correction of around 35-40% is expected if the bitcoin wants to make new highs!!
If the Elliot waves fail and the price goes below 13000$ then it can go up to 7650$ around the CME gaps as there are a lot of gaps below 10,000$ which are expected to fill up soon or later.
Still, it is a game of whales for trade cautiously as if it shoots ups to 22,000 or 23,000$ then expect it to fall much faster then expected
If the Elliot waves fail and the price goes below 13000$ then it can go up to 7650$ around the CME gaps as there are a lot of gaps below 10,000$ which are expected to fill up soon or later.
Still, it is a game of whales for trade cautiously as if it shoots ups to 22,000 or 23,000$ then expect it to fall much faster then expected