$BTC: Is Bitcoin Heading for a Pullback?
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Circle wave three topped here which is basically the end of a local uptrend um and it is possible that this deeper pullback is starting now I mean it’s not really deep right it’s just a it’s just a wave four pullback that could come down to for example 50k it certainly
Would push us to the downside out of this current range in which the price is moving you see that the price um broke out of this trend line to the downside which was the first indication that maybe bit of a p pull back is going on
However I have to say it’s not a deep pullback and we have a three-wave move down so this move down from the um high that was formed on Thursday as you can see it’s clearly clearly a 3wave move down so that definitely means at the moment from what we can see
That the larger trend is still up okay
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Good