The price of BTCUSD has just made five impulsive waves up to the level of $10,900 and now is developing an internal, short-term correction. This corrective cycle should not move below $10,000 zone and after the correction is completed, the market might easily explode upwards towards the level of $12,030, and then towards the level of $13,400.
Please notice, the correction might not be as simple as ABC in the mentioned wave 2, but might evolve into more complex and time-consuming correction. Nevertheless, the overall structure should not go below the support at the level of $9,875.
Please notice, the correction might not be as simple as ABC in the mentioned wave 2, but might evolve into more complex and time-consuming correction. Nevertheless, the overall structure should not go below the support at the level of $9,875.
