Bitcoin (BTC) Evening Update: Critical Support Juncture Approaches
As of this writing, we are at about $7,610 and as the chart shows below, the decline towards wave 5 is well in progress. This wedge pattern is expected to play out and the fractal that was introduced in detail during today's mid-day update calls for a bull wick spike down. We could potentially see a reange of $7,500 to $6,900 or so.
The critical juncture shows that the blue C is currently in progress and the lower white line support has been a strong one for quite a while and should hold and allow for blue wave D to take place and then E. The criticality of the support holding can't be overstated. Let's see how the overnight price action plays out! Exciting times are ahead of us all!
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