The price of BTCUSD has hit the projected target zone and now the scenario is really simple: either we will impulsively rally towards the new highs or we are going down to $5,920.
Comment:
There is one small wave to the downside missing to complete the five wave sequence in wave 5. If this is done, then the ABC Irregular Flat correction will be completed and an upward rally will still be possible.
Otherwise, if the drop extended well below $7,700, then the price will likely visit the level of $5,920
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Otherwise, if the drop extended well below $7,700, then the price will likely visit the level of $5,920