End of the Bitcoin Bull? (Updated)
Our call for a more stretched out correction in Bitcoin turned out to be premature, with price having retraced all of its drop from November 8 and rising to new highs. The earlier outlook called for a correction in wave circle wave 4, but apparently circle wave 3 had more to go. The current advance doesn't appear complete, and a push into the $8,000s is likely before a top. We still think the risks of reversal are elevated, especially following this quick, parabolic run.
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