Hugely bullish and hugely bearish Elliott Wave patterns in the longer term are still on the table. The rally after halvening this week didn't eliminate or elevate several competing options. So long as Bitcoin price remains above 7454 this competition of wave counts remain. Below 7,454 we can begin to focus on a much deeper correction taking place.
What do you all think?
What do you all think?
Comment:
The price action on Bitcoin hasn't clarified much over the past few days. The yellow box cornered with the red arrows looks like an upward corrective structure. Therefore, a dip below $9,136 may be on the horizon. Still many different patterns in play and the recent price action has not helped to eliminate and shift the odds.
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