The ongoing quest to identify Count 2 to 3 in BTC's current market movement has captured attention. Based on historical data analysis provided earlier, the forecast suggests that the conclusion of Count 2 is likely to occur near or before a 78.6% correction from the recent All-Time High (ATH).
Anticipating the fruition of Count 2 paves the way for projecting Count 3. Historical data suggests the potential for a movement towards the revered GOLDEN support level at approximately 31k.
This would potentially signify the onset of Count 3, which could represent a substantial and corrective phase (REAL CORRECTION).
However, it's crucial to acknowledge the variability inherent in market behavior. If historical trends continue like then when COVID 19 surface and scattered the market, there remains a possibility of an aberrant correction unfolding to form Count 3" but this is very DOUBTFUL.
This update represents the current assessment, and observing market reactions to these developments will be pivotal in confirming or refuting these projections.
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