Can you explain why Bitcoin will go down if we don't break 10k? According to your chart, we've just completed the abc correction and are about to start another set of impulse waves.
Can you explain why Bitcoin will go down if we don't break 10k? According to your chart, we've just completed the abc correction and are about to start another set of impulse waves.
If we can't break 10k, we'd have formed a MAJOR double top at a KEY LEVEL.
10k is probably the most traded key level and there will be a real battle there.
If bulls can't take 10k this time, most likely shorts will reload and take a big chunk of btc price.
Check out the waves count I just posted.