As expected BTCUSD fell down into 5th wave of wave (c) , a final leg of decline that we have been talking about a lot in our past reports. We have seen a move into our projected target zone where temproary low has been found; at the trend support line shown on a weekly chart below. You can also see a weekly reversal candlestick, another evidence that higher prices can be in play. Bitcoin Investment Trust may also look for some supports at current channel support.
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