Bitcoin is at a precarious position and trading near the previous major swing low around 17567. If this breaks then the next major support is around 11900/12000 zone. Wave wise, we’re in wave Z of complex correction and the level also coincides with size of wave Z if we take Z = W.
BTC (Bitcoin) Update 7th September 2022
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I have been saying this since 3 months. Tough times for bitcoin HODLers ahead.