As BTCUSD just brokeout the FIB 0,618 retracement i think the next target will be FIB 0,5 (11.700 $) which is also the end of wave 4 (look at the white downtrend lines). So the last wave of the correction shall begin. The price may fall dramatically below 6k but i dont think it will break down FIB 0,786 which is wery strong support
Before the end of March i think BTCUSD will begin its incredible Bull Run,
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.