$BTC For those who followed our previous forecast on Feb, 4th. Our thesis remains in-tact and the recovery bounce started as expected.
The thing that bothered us was that the last sell out before the bounce was steep, but it does not change our overall thesis.
Important things to note here: We are expecting a correction down back to a FIB support area between 62,600K to 66,000K.
If that happens the next resistance area will be up to 74,500K. From there one more correction will likely probably down to 69,000K before the relief rally starts and goes up to the price we initially predicted 😊
At that stage please be careful, we are in a bearish 4 year cycle and the relief rally is a B wave which is choppy in nature. In other words, once the rally is over, collect Leave, and wait until a very low bottoms next winter 🙌🏻