#BITCOIN At Crossroads 20.05.2021

Today’s candle says that #Bitcoin has likely formed a bottom. If it closes above 43500 tomorrow, the reversal will be confirmed. The unknown now is whether this bottom was the wave C of IV (correction is over, the path to 70-80k is clear, blue projection) or wave C of (A) (a bigger correction is in place, green projection). The Saturday’s weekly candle would be the first clue.

I will update the Long Term chart on the weekend.

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