According to our long-term analysis, Bitcoin correctly has 4 bearish waves Elliot did the previous one, now it's the turn of wave 5, which means it's final A wave that is not regular like the previous 4 waves may be complete If it is fully formed, then we have to wait for 8000 If it is not completed, it can return 23-25 thousand from the weekly support
With the failure of the 11.8 resistance in the dominance of altcoins, now after the completion of the pullback , we expect to see a new season of the rise of altcoins.