#Bitcoin at an inflection area – 43k is a very strong support. I view the following paths as the most probable for mid term.


  1. If 43k support stands, expect wave (B) to develop for 33 or more days (small green rectangle), bouncing between 43000-55000.
  2. If $BTC breaks through 43k, it would open the path to 34k, 29k, and possibly lower.
  3. As the coin retraced 38% of the wave off March 2020, the correction could be over, targeting 70-80k. However, the long term candles do not support this yet. Need to close a week above 59k.

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