We know this is an unpopular opinion BUT technically, Bitcoin is ripe for a move to the downside.

On the monthly chart, we can see that we've completed a major wave 1 impulse and now we're in a wave 2 correction. We're looking for one more move down to complete this wave 2.

See monthly chart below:

It looks as if we're making a 535 correction and therefore, we believe we'll be moving towards the 20k region to complete wave C.

Please note that we are still bullish on Bitcoin, as well as Crypto. We're looking for any buying opportunities to hold for the long term!

We'll be loading up for the long term anywhere below 20k region.

What do you guys think?

Goodluck and as always, trade safe!

See our previous setups below:

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