Bitcoin Impulse Elliot Wave (5), might not make it to the 7000, or 6500; whatever happens then there's an ABC correction untill march or so, which will end at 3500 - 3000. Just an idea, we'll see what really happens.
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Touched the red line.
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"Thou shall not pass".
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It rushed and didn't make it to 7000 nor 6500. It was stopped by red resistance line, besides, a clear bearish divergence between price peaks and RSI/MACD has been formed which means that the price might correct, and I'm afraid that it will be a long correction, unlike the one of the 4th wave which happened at the same time of the China Ban. Although It might attempt to break ATH and climb to 6500 or higher.