$BTC 3-year increase cycle accompanied by weakening volume → signs of a bubble or FOMO created by institutions!

On the 12M candlestick frame.

Elliott Wave + Fibonacci both indicate the possibility of a correction.

The level of 60,000 USD (~Fibo 0.5) is a quite reasonable target price area for a healthy correction.

If the volume increases again in this area, it could be a good accumulation zone to enter for the long term!