We can see that the last correction was of other magnitude in comparison with the other one. The propulsive strenght of bitcoin is less and less important. We are now encountering a major resistance.
RSI spike are low and lower. RSI Bottom goes easily oversold. There is a H&S pattern and I showed a possible bearish gartley in a previous analysis. We are probably completing a B wave of Elliot cycle.
Theory can be invalidated if the resistance will be broken.
We are actually in a high risk situation for big loss. Possible gain is way inferior to loss. Definitively we have to change something in our wallets.
BIO
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I think I was to pessimistic
It seems to show some bullish divergence the RSI. So 8K was to low and 12-13 was the downward level.