BTC/USD price could repeat the ABC pattern (bold) or drop directly to 4150
I think it could turn out in 2 different ways:
1.) drop to 5k then bounce back and reach new heights (top at around 6450). And then drop to around 4200 and then reach 7400 or higher
2.) directly drop below 5k to around 4150 (not exactly following/repeating ABC pattern) and then reach 7400 or higher
both ways will offer good buy opportunities
-> be careful with the buy-zone at around 5k (way #1) (more risk in my opinion)
I think it could turn out in 2 different ways:
1.) drop to 5k then bounce back and reach new heights (top at around 6450). And then drop to around 4200 and then reach 7400 or higher
2.) directly drop below 5k to around 4150 (not exactly following/repeating ABC pattern) and then reach 7400 or higher
both ways will offer good buy opportunities
-> be careful with the buy-zone at around 5k (way #1) (more risk in my opinion)
Comment:
The rumors about Amazon accepting Bitcoin just delayed the price to the TA a little bit, still believe in this TA.