Bitcoin Liquid Index
Short

Why Bitcoin Could Retrace More Than Most Expect

477
This would be only a 78% retrace which is short of the typical 80+% bear market retraces. Bitcoin would retrace back to the yearly close that caused the bear market before the bull market was confirmed. 14K would be closer to the bottom. It also would keep the idea of a wave four ending into a wave five final impulse alive, much like 2013 – which was a similar retrace.

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