Bitcoin appears to have completed a 5-3 Elliott Wave, with the corrective impulse taking us to the 0.500 Fibonacci level at $53.9K. We could have a further retracement to the 0.382 level at $52.1K and still be considered bullish. We could see this level easily if the corrective wave has not completed yet. Even further, $50K should provide good resistance. If we do see a lift, $55.7K or $58.3K are good intermediary targets. BTC should extend the overall sideways correction before making another run for highs.
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