hey guys, sentiments towards Bitcoin are really getting crazy now and this level looks perfect entry for bears to dump Bitcoin. as you see in smaller time frames prices are getting rejected again and again from 5750-6450 level, this is the major territory for bulls and bears. another bull market for Bitcoin can only be confirm if we break 6450 level and hold it for atleast 2-3 days, and if prices gets rejected from this zone and stays below 5750 than next support level are previous highs 4200, although 4800-5000 is also a major level but probablity of holding this level is low, as we're about to already move in larger wave 5. usually wave 5 goes below the low of wave 3 which in this case is around 3200, but wave 5 could also get truncated ( a situation where wave 5 ends below the low or top of wave 3), so we could expect the end of this bear market at 4200 or 3200 level, somehow if we break both of this levels than situations will get worse than ever. at higher degree most likely we're currently in wave c which is continuing from jan 2018 till now, and most likely this complete correction will end in 2019, so from next 4-6 months we could expect a major bull market in Bitcoin and other cryptocurrecies, thanks for reading and do share this idea with your crypto friends.
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