Bitcoin reaches our turnaround zone, and we see the first reaction. The bears bring us down below the $11500 mark, and we are very curious about what the upcoming days will get. Primarily we expect the start of a greater decrease in price, the target of which lies in the $8000 area, as indicated on the chart. Prices above $12067 must be avoided at all costs. Otherwise, our primary expectation is no longer valid. In this case, we would see new highs above the $13000 mark. However, the bigger correction in wave 2 in blue is essential for a sustainable upwards move to regions around the all-time high.
What do you think? Happy Trading!
