Bitcoin is making a pullback mode, for now only in three waves so it still can be a corrective set-back now seeking a potential support here around 8300/8500. We are watching and waiting to see whether price turns up from that area and back to 9k, since this would be a nice indication that BTC/USD bulls are here. If for any reason the market would move impulsively through 8k, then we may start considering different scenarios.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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