Bitcoin (BTCUSD) Price Trend Update
Updated
Previously, I called for a pullback within the rising trend with some 6%+ profit potential. The trade was a winner: 
The question, whether a cyclical top was formed @6180 is still on the table. To my mind, we need to see the price break beyond this minor pitchfork to confirm a larger correction is under way. That is, the break of $5420 (roughly) signals more selling towards $4960. This may be another 8% deal. There is still possibility for another all-time high under extended 3rd wave scenario.
The question, whether a cyclical top was formed @6180 is still on the table. To my mind, we need to see the price break beyond this minor pitchfork to confirm a larger correction is under way. That is, the break of $5420 (roughly) signals more selling towards $4960. This may be another 8% deal. There is still possibility for another all-time high under extended 3rd wave scenario.
Note
BTCUSD targets $6100 again.
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