Bitcoin, BTCUSD is making a bigger recovery, but we still see it as part of an (A)-(B)-(C) flat correction within higher degree wave B, where wave (C) could be finishing a five-wave cycle.
So, keep an eye on the projected resistance here in the 47k-50k, where bears for higher degree wave C may show up again.
Bitcoin 4h Elliott Wave analysis chart
Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at Elliot Wave Forecast!