As you can see, Bitcoin can continue to Correction ( Wave C ) to around $ 28,800 for the following reasons:
- Komu Bearish Cross
- Descending Triangle
- Elliot Waves Theory ( ABC Correction Pattern )
- Fibo Target
So it is better not to buy bitcoins now so that bitcoins can complete their correction and then make your purchase in a step-by-step manner.
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Hamid Mojarad
Lecturer - Analyst and trader of cryptocurrencies market