Bitcoin Correction Incoming – The Calm Before the Surge?
Hey Skyrexians!
Bitcoin ($BTC) is heating up, and many of you have asked, “What’s going on?” We’re near all-time highs, and the price action is getting wild!
Here’s my take: This looks like the final shakeout before we blast off again. On the 4-hour chart, we can clearly spot a completed 5-wave cycle – just like we expected. If you've been following my past analyses, this move is likely Wave 1 of a much bigger Wave 3 on the horizon.
The Awesome Oscillator is flashing bearish divergence, which suggests a correction is already underway. Where to? I'm watching the 0.5 Fibonacci level around $90,000 as a potential landing zone.
Pro tip: If you're not an experienced trader, be careful with shorts—this is a move against the main trend.
Hold tight. One more dip, and the real gains could begin!
Cheers,
Ivan Skyrexio
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