#BITCOIN = Possible Path – Update 8 = 25.06.2021 $BTC #BTC #cryptocurrency #investing #cryptocrash

BTC looks very determined today. Bearish Tower Top on hourly. Bearish Engulfing on 4hr. Let’s see if it can make a Falling 3 Methods on daily today, the one I discussed in the yesterday’s analysis.

From the Elliott Waves perspective, wave 2 structure a-b-c (below) suspiciously looks like a truncated zigzag. Truncation happens when wave c fails to extends at least 0.786 of wave a. In today’s case, a = 0.5 x c. A more powerful thrust typically happens after truncations. Let’s see how the it evolves from here.

To be continued…

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