Bitcoin is currently in s wave 4 correction.
Wave 4's are profit taking waves. No confirmation yet, however ' C waves are generally 5 micro wave down.
I'm expecting a wick down to test the 50% correction measured from wave 2 (
25K
BTC) at
49K
BTC. Based on fib time frames this correction should complete by end of June.
I'm seeing wave 5 tops throughout the market as well like Solana etc, so I'm expecting a 30% correction from here also back into the $80 range.
Wave 4's are profit taking waves. No confirmation yet, however ' C waves are generally 5 micro wave down.
I'm expecting a wick down to test the 50% correction measured from wave 2 (
25K
BTC) at
49K
BTC. Based on fib time frames this correction should complete by end of June. I'm seeing wave 5 tops throughout the market as well like Solana etc, so I'm expecting a 30% correction from here also back into the $80 range.