The price is pumping and absorbing the downward movement. If BTC takes hold above the red levels, above the (B)-(C) wave, there will be a big chance to absorb the whole BC wave (check the chart). What does it mean? We are we close to the door to the up-trend, where downward movements will mean only correction, while the main price direction is upward.
Once again: we need to take hold above the red levels. If it doesn't happen - we would see a downward movements again. Currently priority is slightly upward, but will turn into very bullish after breakout confirmed.
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