Bitcoin is currently, as I have continuously reminded in my previous three articles, approaching a stage top position! It is starting to decline now.
Recently, I still maintain my original view, which is that a major correction is coming.
In the chart below, it is clear that the five upward waves have already completed. Although it is possible to push up two more waves to form a terminal wedge of the seven waves, that is a more extreme scenario.
Currently, we are watching the yellow ABC three-wave correction in the chart below. The final correction should see 85,000!
After the correction, it should start reaching new historical highs.
