BTCUSD has been trading in a bearish trend for the past at least 12 months with no sign of buying pressure, and from a technical perspective, it seems like we will continue selling off to complete wave 5 of an Elliott Wave Theory impulse move. Of course waves 1 and 5 are often equal so we can use that idea to help us predict the end of the fifth wave also by using Fibonacci multiple levels like the 61,8 or the 38,2 to identify the possible ending price for the fifth wave.
