BTC has temporarily broken below 60k at the last mn of the M close and retested the W21ema at ~56-57K.
Price has managed to get back above the 63k level and above the 3D21ema, but the 3DMACD continues to stay negative.
This means that the correction is still ongoing, and could last for few more weeks.
However, the 60k zone remain as primary Support, as described in the last few Weekly updates.
The W21e will continue to be regarded as secondary support for DCAing.
In term of wave analysis, PRICE is still in a wedge pattern, and a breakout above 74k will need to maintain to clearly get outta this courage range.
The next MAJOR Targets ONCE $79-80k is taken out are:
$98,000-107,000
$137,000-150,000
Price has managed to get back above the 63k level and above the 3D21ema, but the 3DMACD continues to stay negative.
This means that the correction is still ongoing, and could last for few more weeks.
However, the 60k zone remain as primary Support, as described in the last few Weekly updates.
The W21e will continue to be regarded as secondary support for DCAing.
In term of wave analysis, PRICE is still in a wedge pattern, and a breakout above 74k will need to maintain to clearly get outta this courage range.
The next MAJOR Targets ONCE $79-80k is taken out are:
$98,000-107,000
$137,000-150,000
