As predicted, BTC crossed into the target area of 48000-43000. Today’s daily candle is a normal continuation candle and it hints about further decline.
From previous forecasts: “Once wave B is complete, expect wave C with the preliminary targets 48000-43000.“
At this point there is not enough data to forecast the shape of wave v of C of (A). I hope that the next candle tomorrow will provide enough data for forecasting the next move.
We need to remember – as the coin is in the target area, a pullback could happen anytime.
The below chart is the best short term estimate at this point.
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