Bitcoin Update

The drawn arrow indicates the end of a major trend which lands on the 19th of April. We should see a decision for Bitcoins' direction by this deadline. Furthermore, we are approaching the end of our Elliot Wave ABC cycle. We need to break the 0.61 Fib level ($7900) in order to assume an upward trend. A break below $6500 with volume will see a bearish continuation. Yes, I have many lines on my chart.