Bitcoin has almost finished Wave 1

Hello, community!

Today it's time for mid term BTC analysis update. In our opinion it's finishing the wave 1 of the last bearish global wave.

Look how perfectly the lower degree waves fitted the Fibonacci levels. Wave 3 has been ended exactly at 1.61 Fibonacci level, wave 4 reached the zone between 0.5 and 0.61 Fibonacci retracement of the wave 3.

Now we expect the soon wave 5 end. It has the target slightly below current lows. Then the corrective wave to the upside is anticipated. The max bounce target is 29K. From this point the most rapid wave 3 to the downside is gonna happen.

Best regards, Skyrex team
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