BTC has done a potential ABC correction with B leg retracing right to 0.702 before reversing.
However the C leg can still dip a little more but current levels seems fine for the bounce to the upside.
BTC has been struggling near the 50k region and these dips usually occur to scare the retail before mega rallies.
BTC is still in a retracement and the 0.702 retracement from the top to the bottom of the previous correction lies at 54k and that level has to be cleared for the bull run confirmation.
IMO BTC will set new ATH and alts will finally catch up and make their mega rallies before the end of the market cycle.
#NFA
However the C leg can still dip a little more but current levels seems fine for the bounce to the upside.
BTC has been struggling near the 50k region and these dips usually occur to scare the retail before mega rallies.
BTC is still in a retracement and the 0.702 retracement from the top to the bottom of the previous correction lies at 54k and that level has to be cleared for the bull run confirmation.
IMO BTC will set new ATH and alts will finally catch up and make their mega rallies before the end of the market cycle.
#NFA
