The latest retracement is an abc corrective wave on the 3rd of a bigger Third Wave Extension.
We should see it bounce out of this golden pocket with momentum to challange the previous Resistance level set at 11705
Q: Why won't Bitcoin stay on a bullish trend and why are all my wave counts for that bullish trend failing?
A: We are still following an overall bearish trend that was kicked off since the downturn from the $20,000.00 BTC