BTC ☉ Analysis Bull market now? If price drops below 83.2K, the top of a larger structure is most likely in. This is the invalidation for a 4th wave, ruling out a 5th wave. When the top is in, we expect a larger downtrend as a correction to the impressive bull structure made since the 57K low. 68K seems reasonable as the target for such a correction. For the bulls, this would be an amazing opportunity to go long. The bears want to see a drop to 70% of the bull structure FAST, before the 1.382 time fib. This will indicate that we go much lower. The bears also want to see a five-wavy structure down, aggressive, rather than a choppy sideways three-wavy structure which extend in time. Time and price will soon reveal whether we are in a new bull market or not. Pure speculation. Not financial advice. #casino ℞ bitcoin