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It’s been a frustrating couple of months for Bitcoin bulls. Following the breakout to fresh highs in early March, price has since corrected lower and settled into a congested block of consolidation broadly framed between 60695 and 74325. A failed downside break of the range at the start of the month offers bulls some hope that a resumption of the bull trend ...
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Bitcoin continues to form a complex correction [4], consisting of sub-waves (W)-(X)-(Y)-(XX)-(Z). The first three parts have been completed. The second linking wave (XX) is currently unfolding as a standard zigzag A-B-C. The final actionary wave [Y] of correction B continues to develop. The price may fall to the level of 58785.00, at which wave B will be ...