Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART V BTC will test 10 Year Moving Average (approximately 2500 USD in July 2020) Final Target 1 = 2203.66 USD Final Target 2 = 1636.72 USD GAP 1350-1830 USD Right Fibonacci Extension wave (c) Left Fibonacci Retracement wave (a) Wave (b) returned more than 61,8% of wave (a), it's wave a. If wave (b) returns more than 61.8%, it's wave a and wave c fails wave c = (b)
The rules for this analysis are clear. If he exceeds the BTC Invalidation level (10500.5 USD), the bear is dead. If BTC falls below the Bearish level (8109 USD), the bull is dead. Note the bearish divergence on the Daily chart and declining volumes.