BTC Wave Analysis Wave analysis does not paint a completely clear picture. There are two possible scenarios for the development of events. According to the first of them, bitcoin has completed the formation of wave 3 of the bullish impulse price structure (orange color). In this case, we can expect a sharp drawdown, followed by the formation of an increasing maximum. According to the second scenario, BTC has completed the correction structure A-B-C (black color). In this case, we can see the price fall to new lows. It is noteworthy that both options promise the BTC rate a drawdown in the near future in the direction of $42,400, and possibly even lower. #CryptoTrading
