Has the bubble bust? BTC is headed to new suppport

BTCUSD is heading down to R1. If it can not hold here then the next level is R2. BTW 5780 is a standard deviation down from BTC's all time highs. Will it make it? Leave a comment if you think so.

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I think there maybe a third wave that will bring us down again. We have to keep an eye on the that outer trend line.