Bitcoin is falling impulsively after the recent ABC corrective recovery, and we can now see an extension even lower, which indicates it's in wave (3) of 3 of an ongoing five-wave bearish impulse, especially if it slips below 65k bearish confirmation level. So, while the price is below 72500 invalidation level, watch out for more weakness within wave (5) of 3 after the current wave (4) pullback.
Looking at the daily chart, it looks like wave (C) is already in progress after the recent (B) wave correction, unless wave (B) is going to be larger and more complex. We could see another decline this year. If that happens, the key support remains around the 50k-48k area.
You can re-watch our livestream here where we covered Bitcoin and all other markets - https://youtu.be/H8jQC6Y6w0A
Also, If you wish to receive analysis like this on daily basis - take advantage of our promotion - 20 EURO for first month! https://wavetraders.com/elliott-wave-plans/
/Amazon_com%20Inc_%20%20package%20by%20-%20AdrianHancu%20via%20iStock.jpg)
/Salesforce%20Inc%20HQ%20building-by%20JHVEPhoto%20via%20Shutterstock.jpg)
/Dell%20Technologies%20by%20Poetra_RH%20via%20Shutterstock.jpg)
/Intel%20Corp_%20Santa%20Clara%20campus-by%20jejim%20via%20Shutterstock.jpg)