Not sure what to make of it, but 12k seems to be of some significance.
Elliot wave formation seems to be there on BTCUSD 1hr.

BTCUSD
Elliot wave formation seems to be there on BTCUSD 1hr.
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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.