Bitcoin: Retesting 60K before resuming uptrend

Now that time has passed, I have a higher degree of confidence that Bitcoin is doing an irregular flat 3-3-5 correction. We are in the the "5", impulsive part of that structure, finishing the minor 4 so we can do the minor 5 of intermerdiary 2. Unfortunately this means we are most likely going to from 64K to 60K early this week. However, the support should hold and price should recover extremely fast and head way higher. This is short-term bearish and medium-term bullish.

Comment:

Invalidated: Bottom is in. Updating soon.