$BTC The 3-year uptrend accompanied by weakening volume → signs of a bubble or FOMO created by institutions!
On the 12M candle frame.
Elliott Wave + Fibonacci both indicate the possibility of a correction.
The level of 60,000 USD (~Fibo 0.5) is a fairly reasonable target price for a healthy correction.
If volume increases again in this area, it could be a good accumulation zone for long-term positions!
