Short-term bullish My preferred count is still to view bitcoin in a large correction since the manic bubble burst 3 years ago. It took 5 years from the creation of bitcoin to reach its mania high. The time it is taking for this corrective pattern to unfold still fits into the larger wave structure.
With the alt count "Entertaining the Bull" in mind, the short-term view does call for a new 2016 high.
