Bitcoin is no doubt in a bull run, yet that does not mean corrections are out of the picture. These past 2 weeks bitcoin has found itself correction after reaching nearly 14,000. I do however see us finishing our correction with a rejection under the 12,500 mark. Eyes will than be on sub 8500. However, if we do however have a clean close over 12,500 I will look to long the retest of monthly highs.
Comment:
Although we did break through 12.5 on sub-wave (c) of wave b, however it looks as though it was just a blow off, for we didn't manage to hold the retest.