BTC Preparing For The Final Move To 75k Area

As BTC recently reached to 69k an ABC pullback from here is to be expected ultimately reaching to 56-54k area (orange) also re-testing rising trendline that was formed from Aug (green line). The RSI on a daily timeframe also needs to cool down a bit. It is very hard to predict btc on such short time frame with this correction but eventually we should be heading to final 5 waves to the upside into 72-78k area where i think btc is done for this bull run. After that btc could still be in that area for months before turning over on itself.

I am not a financial advisor, so non of this should be taken as a financial advise. Stay safe.

BTCUSDT

Comment:

The reason on why i think this area could mean the top for btc was presented in detail on my previous idea that was posted on 17th of Oct.

Comment:

Just so you know...Given that the total crypto m. cap has re-tested its previous ATH there is a chance for btc that it may have already finished this correction. If that is the case, it could go first go to 72-76k from here and then after that have deeper correction into 50-54k area wich would mar the end of btc bull run