#Bitcoin respects Elliott wave rules and Fibonacci properties
On the daily and weekly terms we are in the corrective wave C
Wave 5 is an extension of 1.618 Fibonacci of the previous peak of wave 3 starting from the beginning of the move
Over 4 years there is an attempt to break the support level at around 92000 (despite an attempt to resist and rise in the first stage) and exceeding it will take us to the target of wave C which is initially 1.23 Fibonacci 86000
