Outlining Wave Counts for Bitcoin’s Correction

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In Brief
  • The bitcoin price has been decreasing since Aug. 17.

  • The invalidation of the bullish wave count is at $11,117.

  • The invalidation of the bearish wave count is at $11,825.

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The Bitcoin (BTC) price has either completed a correction or is nearing its end. A price increase above $11,825 would indicate that the correction is done, while a decrease below $11,117 would indicate that the price is still correcting. The Trend Is Downward The Bitcoin price has been decreasing since a high of $12,478 reached on Aug. 17. The decrease is likely to be a C wave, after
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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