Possible Stages of Bitcoin top

The big W spike could have been an important top for Bitcoin

In times we have topping patterns we usually see the retracement levels hold 76/86 and then reject.

When this happens we often seen wave 1 of the reversal in the obvious break.

Wave 2 is the "Return to normal" bull trap (76 correction).

When these are in place and waves 3 and 5 come, these tend to extend 2.61 of wave 2.

Forecast for wave 5 low would be around 75K.

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