Bitcoin has been in a 4th wave correction from the $64899 for several months. It looks like it may be in a 5th wave of the C wave of an ABC correction.
Bitcoin often retraces to the golden pocket, the 0.618 to 0.65 Fib correction range of the 3rd intermediate wave move from $3858 in Mar 2020 to the $64899 high.
After this 4th intermediate wave is over, then expect the bull market to resume in a 5th wave that should end in the $100K to $140K range many months from now. Then expect another bear market correction for a year to about $40K to $50K IMO.
Bitcoin often retraces to the golden pocket, the 0.618 to 0.65 Fib correction range of the 3rd intermediate wave move from $3858 in Mar 2020 to the $64899 high.
After this 4th intermediate wave is over, then expect the bull market to resume in a 5th wave that should end in the $100K to $140K range many months from now. Then expect another bear market correction for a year to about $40K to $50K IMO.