Bitcoin/USD - $8200 potential end of local correction

Bitcoin (BITFINEX:BTCUSD)

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BITFINEX:BTCUSD Bitcoin

trendanalysis waveanalysis bitcoin btcusd btc

On $8200 we have 2 strong fibo supports: 61.8% retracement from $6k-$12k uprise and 50% of $7.3k-$9.17k move which looks like ABC correction which I pointed on the chart.

Commentaire:

It's also possible that 5th wave is behind us, which I now see basically confirmed by Morning Star formation on 30min scale.

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