Bitcoin has risen from $3121 to $4250 in 5 Elliot Impulsive Waves. By the time we reached $4250, the Bullish momentum has ran out. RSI was oversold and also StochRSI showing weakness in Bulls.
Since then, we're in ABC Zigzag correction. Currently, we're in C wave and possible target would be $3550 which is also 0.618 Fib level of this overall Bullish rally.
As we can clearly see, we're in ABC correction of Elliot waves. Also, the Double top @10900. C wave would take us around 9400 points, also the overall 0.5 Fib level.
Let's see how market opens tomorrow.
