Hello friends
once again here with information and news about the price of bitcoin.

Bitcoin has been able to bounce back up to $ 6,800 before facing some resistance.
it seems that this resistance has not been enough to catalyze a massive sale.

Looking at the following 4-hour chart we can see that Bitcoin is forming a symmetrical triangle that has to reach its apex during the next moves.

Perhaps it will continue its fight to overcome resistance in the upper $ 6,000 region, which subsequently drives the entire market lower.

But what if we rely on the Elliott waves?

If the count is correct.
On the weekly frame, we have finished wave C and we are now forming wave 1, which in turn is formed of 5 waves. On the daily frame, wave 1 is nearing completion, then we will enter the corrective wave 2(abc) , and this is well illustrated by the 4-hour frame.

Now what if the count is incorrect and wave C isn't over yet?

The truth is, this leads to madness.