Bitcoin is up from yesterdays chart, it is still following the path, and should make the red d wave in an abc subwave up to $10k. Volume and MACD seem to agree.
The purple ZigZag tool is helpful for spotting other patterns, and I placed an alternate abcde to the C wave, in orange. If this should be valid we have HIT the bottom and correction is over. Price breached the 0.618 fibonacchi too.
If price breaks out on top of the triangle we are probably looking at higher highs soon, but this is my alternate count for now.
I still think Bitcoin will finish the red waves in the triangle with another low at $7800-7900.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
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