BTC/USD Towards 9000-7300 Support

As expected, Bitcoin finally found a top after this mania cycle. And as always, when the price experiences such huge extension within an extended wave "v", usually a sharp and impulsive decline occurs.

As expected, Bitcoin finally found a top after this mania cycle. And as always, when the price experiences such huge extension within an extended wave "v", usually a sharp and impulsive decline occurs. So, seems like BTC and friends can now be slowing down into a deeper correction, either into a wave 4, or maybe even wave 2 of a higher degree in case of an alternate scenario. That said, be aware of a three-wave a-b-c pullback, ideally back to around 9000-7300 support area, where would be an ideal zone for bulls to show up again.

BTC/USD, 4h

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