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The search for Support

The Price of BTC is now searching for Support. Once the run-up, what we have seen last week, faced resistance at the Median Line of the Pitch Fork(yellow line), BTC started to pullback. There is nothing to worry about (yet) because this is a healthy move.

-On the 4 hr chart, we have labeled this move as an ABC Correction, where wave C is probably going to make a 5 wave extension to the downside (descending channel)

We are monitoring the bottom of this channel for a possible bounce.


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