The price of BTCUSD has just made five impulsive waves up to the level of $10,900 and now is developing an internal, short-term correction. This corrective cycle should not move below $10,000 zone and after the correction is completed, the market might easily explode upwards towards the level of $12,030, and then towards the level of $13,400. Please notice, the correction might not be as simple as ABC in the mentioned wave 2, but might evolve into more complex and time-consuming correction. Nevertheless, the overall structure should not go below the support at the level of $9,875.
Don't bet on it. BTC is about to lose 9k, and re-test 6k. Hold on...
cryptomizer
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I totally agree with your analyses. Wave 5 wave is completed even though I toot that wave 5 could temporarily pierce the upper trend line before correcting into abc. The subsequent ABC target could be $10,157; IF it decides to do a zigzag or a flat. Ofcorse as u mentioned the correction could be as a triangle or more complex. Time will show.